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Chapter 3, Problem 21PC

Monthly Payments

The monthly payment on a loan may be calculated by the following formula:

payment= Rate*(1+Rate) N (1+Rate) N -1 *L

• Rate is the monthly interest rate, which is the annual interest rate divided by 12.

(A 12 percent annual interest would be 1 percent monthly interest.)

N is the number of payments

L is the amount of the loan.

Write a program that asks for these values and displays a report similar to the following:

Loan Amount:     $ 10000.00

Monthly Interest Rate:     1%

Number of Payment s:     36

Monthly Payment:     $ 332 .14

Amount Paid Back:     $ 11957 .15

Interest Paid:     $ 1957. 15

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Chapter 3 Solutions

Starting Out With C++: Early Objects, Student Value Edition & Myprogramminglab With Pearson Etext -- Standalone Access Card Package, 9/e

Ch. 3.2 - Prob. 3.11CPCh. 3.2 - Study the following program code and then complete...Ch. 3.2 - Complete the following program skeleton so that it...Ch. 3.3 - Assume the following variable definitions: int a =...Ch. 3.3 - What will the following program code display if a...Ch. 3.3 - What will the following program code display? int...Ch. 3.5 - Prob. 3.17CPCh. 3.5 - Complete the following program code segment so...Ch. 3.6 - Write a multiple assignment statement that assigns...Ch. 3.6 - Write statements using combined assignment...Ch. 3.6 - What will the following program segment display?...Ch. 3.7 - Write cout statements with stream manipulators...Ch. 3.7 - The following program segment converts an angle in...Ch. 3.8 - Will the following string literal fit in the space...Ch. 3.8 - If a program contains the definition string name;...Ch. 3.8 - Prob. 3.26CPCh. 3.10 - Use a mathematical library function with a cout...Ch. 3.10 - Assume the variables angle1 and angle2 hold angles...Ch. 3.10 - To find the cube root (the third root) of a...Ch. 3.10 - Write a statement that produces a random number...Ch. 3 - Prob. 1RQECh. 3 - Prob. 2RQECh. 3 - Prob. 3RQECh. 3 - Assume the following variables are defined: int...Ch. 3 - What header files must be included in the...Ch. 3 - Prob. 6RQECh. 3 - Prob. 7RQECh. 3 - Complete the following table. Expression Value of...Ch. 3 - Write C++ expressions for the following algebraic...Ch. 3 - Assume a program has the following variable...Ch. 3 - Prob. 11RQECh. 3 - Assume that qty and salesReps are both integers....Ch. 3 - Rewrite the following variable definition so the...Ch. 3 - Complete the following table by writing statements...Ch. 3 - Write a multiple assignment statement that can be...Ch. 3 - Write a pair of multiple assignment statements...Ch. 3 - Replace the following statements with a single...Ch. 3 - Is the following code legal? Why or why not? const...Ch. 3 - Write a cout statement that uses stream...Ch. 3 - Write a cout statement that uses stream...Ch. 3 - What header file must be included A) to perform...Ch. 3 - Pet World offers a 15 percent discount to senior...Ch. 3 - A bowling alley is offering a prize to the bowler...Ch. 3 - A retail store grants its customers a maximum...Ch. 3 - Little Italy Pizza charges 14.95 for a 12-inch...Ch. 3 - Trace the following program segments and tell what...Ch. 3 - A) (Assume the user enters George Washington.)...Ch. 3 - Each of the following program segments has some...Ch. 3 - A) const int number1, number2, product; cout ...Ch. 3 - Soft Skills Often programmers work in teams with...Ch. 3 - Miles per Gallon Write a program that calculates a...Ch. 3 - Stadium Seating There are three searing categories...Ch. 3 - Housing Costs Write a program that asks the user...Ch. 3 - How Much Insurance? Many financial experts advise...Ch. 3 - Batting Average Write a program to find a baseball...Ch. 3 - Test Average Write a program that asks for five...Ch. 3 - Average Rainfall Write a program that calculates...Ch. 3 - Male and Female Percentages Write a program that...Ch. 3 - Vacation Days Write a program that prompts the...Ch. 3 - Box Office A movie theater only keeps 80 percent...Ch. 3 - How Many Widgets? The Yukon Widget Company...Ch. 3 - How many Calories? A bag of cookies holds 30...Ch. 3 - Ingredients Adjuster A cookie recipe calls for the...Ch. 3 - Celsius to Fahrenheit Write a program that...Ch. 3 - Currency Write a program that will convert U.S....Ch. 3 - Monthly Sales Tax A retail company muse file a...Ch. 3 - Property Tax Madison County collects property...Ch. 3 - Senior Citizen Property Tax Madison County...Ch. 3 - Math Tutor Write a program that can be used as a...Ch. 3 - Interest Earned Assuming there are no deposits...Ch. 3 - Monthly Payments The monthly payment on a loan may...Ch. 3 - Pizza Slices Joe's Pizza Palace needs a program to...Ch. 3 - How Many Pizzas? Modify the program you wrote in...Ch. 3 - Angle Calculator Write a program that asks the...Ch. 3 - Stock Transaction Program Last month Joe purchased...

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