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Answer to Question #5069 in C++ for Is

Question #5069
Your question (max 1024 symbols)You are required to write a program that lets the user enter the loan amount and loan period in number of years and displays the monthly and total payments for each interest rate starting from 3.50% to 8.00%, with an increment of 0.25. If you enter the loan amount 5,000 for five years, it will display a table as follows:

Loan Amount: 5000
Number of Years: 5

Interest Rate Monthly Payment Total Payment

3.5% 146.51 5274.37
3.75% 147.06 5294.32
4.0% 147.61 5314.31

7.75% 156.1 5619.8
8.0% 156.68 5640.54


Expert's answer
#include <iostream.h>
#include <conio.h>
#include <math.h>
main(){
float L,ap,mp,tp,C;& //L - loan amount, ap - annual payment, mp - monthly payment, tp - total payment, c - interest rate
int Y,N,i; //Y - loan period in years, N - loan period in months, i - counter
cout<<"Enter the loan amount: ";
cin>>L;
cout<<"Enter the loan period: ";
cin>>Y;
cout<<"InterestRate"<<"& quot;<<"MonthlyPayment"<<"& quot;<<"TotalPayment\r\n";
C = 3.5;
for (i=0;i<=18;i++){
& //the month payment is one-twelfth of an annual payment:
& mp = ( L + ( ( L * C/100 ) * Y ) ) / ( Y * 12 );
& //Let's calculate the total payment:
& tp = mp*12*Y;
& //printing results:
& cout<<C<<"%& quot;<<mp<<"& quot;<<tp<<"\r\n";
& //calculating next interest value:
& C = C+0.25;
& }
getch();
}

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Comments

azmir
12.11.11, 14:23

do i need to fill up the space for loan period and the loan amount?? and how to print screen the answer if i used microsoft visual c++ 2010

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