Concept explainers
Monthly Payments
The monthly payment on a loan may be calculated by the following formula.
Rate is the monthly interest rate, which is the annual interest rate divided by 12. (12 percent annual interest would be 1 percent monthly interest.) N is the number of payments, and L is the amount of the loan. Write a
Loan Amount: | $10000.00 |
Monthly Interest Rate: | 1% |
Number of Payments: | 36 |
Monthly Payment: | $332.14 |
Amount Paid Back: | $11957.15 |
Interest Paid: | $1957.15 |
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Java: An Introduction to Problem Solving and Programming (8th Edition)
C++ How to Program (10th Edition)
Starting Out With Visual Basic (8th Edition)
Starting Out with Python (3rd Edition)
Java: An Introduction to Problem Solving and Programming (7th Edition)
- (Statistics) This is the formula for the standard normal deviate, z, used in statistical applications: z=(X)/ X is a single value. refers to an average value. refers to a standard deviation. Using this formula, you need to write a program that calculates and displays the value of the standard normal deviate when X=85.3,=80,and=4. a. For this programming problem, how many outputs are required? b. How many inputs does this problem have? c. Determine a formula for converting input items into output items. d. Test the formula written for Exercise 7c, using the data given in the problem.arrow_forward(Simulation) Write a program to simulate the roll of two dice. If the total of the two dice is 7 or 11, you win; otherwise, you lose. Embellish this program as much as you like, with betting, different odds, different combinations for win or lose, stopping play when you have no money left or reach the house limit, displaying the dice, and so forth. (Hint: Calculate the dots showing on each die with the expression dots=(int)(6.0randomnumber+1), where the random number is between 0 and 1.)arrow_forwardMETHODOLOGY A bookstore owner wants you to write a program that calculates the gross pay of an employee. The input to the program is the number of hours the employee works in one week and the employee’s hourly pay rate. The program is to calculate the employee’s gross pay including the possibility of overtime pay. Regular pay is the number of hours the employee worked (up to 40 hours) times the hourly rate. The program is to compute an overtime pay if the employee worked more than 40 hours. All hours beyond 40 should be multiplied to 1.5 for the OT differential pay The program should output the worker’s regular pay, overtime time, and the gross pay (sum of the regular pay and overtime pay). Create an IPO and flowchartarrow_forward
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- Time CalculatorWrite a program that asks the user to enter a number of seconds.-There are 60 seconds in a minute. If the number of seconds entered by the user is greater than or equal to 60, the program should display the number of minutes and leftover seconds in that many seconds.-There are 3,600 seconds in an hour. If the number of seconds entered by the user is greater than or equal to 3,600, the program should display the number of hours, minutes, and leftover seconds in that many seconds.-There are 86,400 seconds in a day. If the number of seconds entered by the user is greater than or equal to 86,400, the program should display the number of days, hours, minutes, and leftover seconds in that many seconds.arrow_forwardRetail price calculator Write a program that asks the user to enter an item’s wholesale cost and its markup percentage. It should then display the item’s retail price. For example: • If an item’s wholesale cost is 5.00 and its markup percentage is 100 percent, then the item’s retail price is 10.00.• If an item’s wholesale cost is 5.00 and its markup percentage is 50 percent, then the item’s retail price is 7.50. The program should have a method named calculateRetail that receives the wholesale cost and the markup percentage as arguments and returns the retail price of the item.arrow_forwardCar sales commission problem - For each used car a salesperson sells, the commission paid is as follows: $20 plus 30% of the selling price in excess of the cost of the car. Typically, the minimum selling price of the car is the cost of the car plus $200 and the maximum selling price is the cost of the car and $2,000. Write a program that prompts the user to enter the salesperson’s fixed commission, the percentage of the commission, the purchasing cost of the car, the minimum and the maximum amount to be added to the purchasing cost to determine the minimum and the maximum selling price, and outputs minimum and maximum selling price of the car and the salesperson's commission range. As a suggestion, pay particular attention to the formulas would your being requested. I would recommend that you perform the calculations on paper or in Excel prior to programming the solution. Paint usage calculator -A room has one door, two windows, and a built-in bookshelf and it needs to be painted.…arrow_forward
- 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, number of years, and interest rate and displays the amortization schedule for the loan in visual basicarrow_forwardXYZ Company, LLC uses a program to manage the information of their employees. The program gets the name of the employee, number of hours worked and rate per hour. It computes the salary by multiplying the number of hours worked with rate per hour. If the salary is more than 1000, tax is computed as 5% of the salary, otherwise, tax is computed as 2% of the salary. The program will display the name of the employee, salary and tax.arrow_forwardA Charge Account Statement Write a program to prepare the monthly charge account statement for a customer of CS CARD International, a credit card company. The program should take as input the previous balance on the account and the total amount of additional charges during the month. The program should then compute the interest for the month, the total new balance (the previous balance plus additional charges plus interest), and the minimum payment due. Assume the interest is 0 if the previous balance was 0 but if the previous balance was greater than 0 the interest is 2% of the total owed (previous balance plus additional charges). Assume the minimum payment is as follows: new balance for a new balance less than $50 $50.00 for a new balance between $50 and $300 (inclusive) 20% of the new balance for a new balance over $300 So if the new balance is $38.00 then the person must pay the whole $38.00; if the balance is $128 then the person must pay $50; if the balance is $350 the minimum…arrow_forward
- EBK JAVA PROGRAMMINGComputer ScienceISBN:9781337671385Author:FARRELLPublisher:CENGAGE LEARNING - CONSIGNMENTC++ for Engineers and ScientistsComputer ScienceISBN:9781133187844Author:Bronson, Gary J.Publisher:Course Technology PtrC++ Programming: From Problem Analysis to Program...Computer ScienceISBN:9781337102087Author:D. S. MalikPublisher:Cengage Learning