The monthly payment for a given loan pays the principal and the interest. The monthly interest is computed by multiplying the monthly interest rate and the balance (the remaining principal). The principal paid for the month is therefore the monthly payment minus the monthly interest. Write a program that lets the user enter the loan amount, a number of years and interest rate then displays the amortization schedule for the loan. A sample run is shown below.

The monthly payment for a given loan pays the principal and the interest. The monthly interest is computed by multiplying the monthly interest rate and the balance (the remaining principal). The principal paid for the month is therefore the monthly payment minus the monthly interest. Write a program that lets the user enter the loan amount, a number of years and interest rate then displays the amortization schedule for the loan. A sample run is shown below.

C++ Programming: From Problem Analysis to Program Design

8th Edition

ISBN:9781337102087

Author:D. S. Malik

Publisher:D. S. Malik

Chapter4: Control Structures I (selection)

Section: Chapter Questions

Problem 14PE: The short-term, 0-24 hours, parking fee, F, at an international airport is given by the following...

See similar textbooks

Similar questions

The short-term, 0-24 hours, parking fee, F, at an international airport is given by the following formula: Where int(h + 1) is the integer value of h + 1. For example, int(3.2) = 3, int(4.8) = 4. Write a program that prompts the user to enter the number of hours a car is parked at the airport and outputs the parking fee.
The monthly payment for a givenloan pays the principal and the interest. The monthly interest is computed by multiplyingthe monthly interest rate and the balance (the remaining principal). The principalpaid for the month is therefore the monthly payment minus the monthly interest.Write a program that lets the user enter the loan amount, number of years, and interestrate then displays the amortization schedule for the loan. Here is a sample run: Loan Amount: 10000 ↵EnterNumber of Years: 1 ↵EnterAnnual Interest Rate: 7 ↵EnterMonthly Payment: 865.26Total Payment: 10383.21Payment# Interest Principal Balance1 58.33 806.93 9193.072 53.62 811.64 8381.43...11 10.00 855.26 860.2712 5.01 860.25 0.01
A county collects property taxes on the assessed value of property, which is 60 percentof its actual value. For example, if a house is valued at $158,000.00 its assessed valueis $94,800. This is the amount the homeowner pays tax on. If the tax rate is $2.64 foreach $100.00 of assessed value, the annual property tax for this house would be$2502.72.Write a program that asks the user for the actual value of a piece of property and thecurrent tax rate for each $100.00 of assessed value. The program should then calculateand display how much annual property tax the homeowner will be charged for his or herproperty. The program should also display the Property Value, the Assessed Value, andthe Tax Rate. Display all monetary values to two decimal places Run your program three times with the data below Property Value: Tax Rate$100,000.00 2.64$200,000.00 2.05$350,000.00 3.10
A county collects property taxes on the assessed value of property, which is 60 percentof its actual value. For example, if a house is valued at $158,000.00 its assessed valueis $94,800. This is the amount the homeowner pays tax on. If the tax rate is $2.64 foreach $100.00 of assessed value, the annual property tax for this house would be$2502.72.Write a program that asks the user for the actual value of a piece of property and thecurrent tax rate for each $100.00 of assessed value. The program should then calculateand display how much annual property tax the homeowner will be charged for his or herproperty. The program should also display the Property Value, the Assessed Value, andthe Tax Rate. Display all monetary values to two decimal places Property Value: Tax Rate$100,000.00 2.64$200,000.00 2.05$350,000.00 3.10
Write a program that converts U.S. dollars to Canadian dollars, German marks, and British pounds, as shown in Figure 36.18. The user enters the U.S. dollar amount and the conversion rate, and clicks the Convert button to display the converted amount.
If you know the balance and the annualpercentage interest rate, you can compute the interest on the next monthly paymentusing the following formula:interest = balance X (annualInterestRate/1200)Write a program that reads the balance and the annual percentage interest rate anddisplays the interest for the next month. Here is a sample run: Enter balance and interest rate (e.g., 3 for 3%): 1000 3.5 ↵EnterThe interest is 2.91667
Write a program thatreads in investment amount, annual interest rate, and number of years and displaysthe future investment value using the following formula:futureInvestmentValue =investmentAmount X (1 + monthlyInterestRate)numberOfYears*12For example, if you enter amount 1000, annual interest rate 3.25%, and numberof years 1, the future investment value is 1032.98.Here is a sample run: Enter investment amount: 1000.56 ↵EnterEnter annual interest rate in percentage: 4.25↵EnterEnter number of years: 1 ↵EnterFuture value is $1043.92
write a program that prompts the user to enter the number of students and each student name and score and finally display the name of student with highest score and the student with second highest score.
Question # 4: Write a program that calculates the electricity bill. The rates of electricity per unit are as follows: If the units consumed are 300 and 8 2000 2750 Question # 6: Write a program that converts the angle from degree to radian and displays each value.
. The progressive income tax rate is mandated as follows: Taxable Income Rate (%) First $20,000 0 Next $20,000 10 Next $20,000 20 The remaining 30 For example, suppose that the taxable income is $85000, the income tax payable is $20000*0% + $20000*10% + $20000*20% + $25000*30%. Write a program called IncomeTaxCalculator that reads the taxable income (in int). The program shall calculate the income tax payable (in double); and print the result rounded to 2 decimal places. For examples, Enter the taxable income: $41234 The income tax payable is: $2246.80 Enter the taxable income: $67891 The income tax payable is: $8367.30 Enter the taxable income: $85432 The income tax payable is: $13629.60 Enter the taxable income: $12345 The income tax payable is: $0.00
Write a program that reads the amount of a monthly mortgage payment andthe amount still owed—the outstanding balance—and then displays theamount of the payment that goes to interest and the amount that goes toprincipal (i.e., the amount that goes to reducing the debt). Assume that theannual interest rate is 7.49 percent. Use a named constant for the interest rate.Note that payments are made monthly, so the interest is only one twelfth ofthe annual interest of 7.49 percent.
Write a program that prompts the user to enter the number of students and each student’s name and score, and finally displays the names of the students with the lowest and secondlowest scores.