Absolute C++
6th Edition
ISBN: 9780133970784
Author: Walter Savitch, Kenrick Mock
Publisher: Addison-Wesley
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Chapter 1, Problem 4PP
Negotiating a consumer loan is not always straightforward. One form of loan is the discount installment loan, which works as follows. Suppose a loan has a face value of $1,000, the interest rate is
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Suppose you are a computer salesman and your income depend on the total sales and commissions earned for the computers that you sell. Commission rates vary depending on how many units you sold (see chart below). Your income equals to the total sales plus the commission where the commission equals to total sales times the commission rate. That is, commission = total sales * commission rate and income = total sales + commission. Total Sales Commission rate % Less than 200 sold 8% (totalsales < 200) Greater or equal to 200 sold 10% (totalsales >=200 & totalsales <400) Greater than to 400 sold 12% (if (totalsales >= 400) Use Multiway if, else if (use as many you need) and else correctly Review slides 3-CH-2 Slide 4 and 8 Write the code correctly as show in the chapter slides. Pay attention to the commission chart above: (3) input as examples shown 500, 250, 150 You can work with your team and submit your code and output in PDF. 1. Provide the user the commission rate list…
When you use a mortgage to purchase a home, the lending institution effectively owns the home. You buy back part ownership in the home with each monthly payment. The part you have bought back is your equity in the home. If the mortgage amount is P dollars, the monthly interest rate is r as a decimal, and the term of the mortgage is t months, then your equity after k payments is
E(k) =
P((1 + r)k − 1)
(1 + r)t − 1
dollars.
In this exercise, assume that the mortgage amount is $200,000, the APR is 6%
so r = .06/12
and the term of the loan is 30 years (360 months).
(a)
Find a formula for the equity.
(b)
Make a graph of the equity over 360 months, the term of the loan.
(c)
Does the graph show that you have half-ownership in the home halfway through the term of the mortgage?
Halfway through the term of the mortgage corresponds to k1 = _______ payments. From the graph, we see that E(k1) is ________ half of the mortgage amount, so we _______ have half-ownership in the home…
In the real world, functions are mathematical representations of input-output situations. A vending machine is one such example. The input is the money combined with the selected button. The output is the product.
Here is another example: The formula for converting a temperature from Fahrenheit to Celsius is a function expressed as:
C = (5/9)*(F - 32), where F is the Fahrenheit temperature and C is the Celsius temperature.
If it is 77 degrees Fahrenheit in Phoenix Arizona, then what is the equivalent temperature on the Celsius thermometer?
Our input is 77.
C = (5/9)*(77 - 32)
C = (5/9)*(45)
C = 25
The equivalent temperature is 25 degrees Celsius.
To complete the Discussion activity, please do the following:
Choose your own function or choose from the list below and then provide a unique example of a function and evaluate the function for a specific input (like the example above).
Arm length is a function of height.
The circumference of a circle is a function of diameter.
The height of…
Chapter 1 Solutions
Absolute C++
Ch. 1 - A metric ton is 35,273.92 ounces. Write a program...Ch. 1 - A government research lab has concluded that an...Ch. 1 - Workers at a particular company have won a 7.6 pay...Ch. 1 - Negotiating a consumer loan is not always...Ch. 1 - Write a program that determines whether a meeting...Ch. 1 - Prob. 6PPCh. 1 - One way to measure the amount of energy that is...Ch. 1 - The Babylonian algorithm to compute the square...Ch. 1 - The video game machines at your local arcade...Ch. 1 - Write a program that allows the user to enter a...
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