Logo
Home Study Material Contact Search
AI Chat FREE
  1. computer science
  2. programming
  3. choose one of the three following programs to do a

Choose one of the three following programs to do as your first program. You need to...

50.1K

Verified Solution

Question

Programming

Choose one of the three following programs to do as your firstprogram. You need to turn in a flowchart and program documentationwith the .cpp program (this can be done within the program) and acopy of your output.

The Program I chose is :

#19. Monthly Payments

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

Payment= Rate × (1+Rate)N (1+Rate)N−1×L

Rate is the monthly interest rate, which is the annual interestrate divided by 12. (12 percent annual interest would be 1 percentmonthly interest.) N is the number of payments, and L is the amountof the loan. Write a program that asks for these values thendisplays a report similar to:

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

Answer & Explanation Solved by verified expert
4.3 Ratings (894 Votes)
CODE FOR THE FOLLOWING PROGRAMinclude include for powinclude for setw and setprecisionusing namespace stdint main    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

f x graph represents the function 6 5 4 3 2 8 7 6 5...

Algebra
Q

Mutually exclusive investments. The following are cash flows of two projects. Year  Project A Project B 0 $ (200)...

Finance
Q

Translate the following medical terms based on your knowledge of suffixes, prefixes (if present) and combining...

Medical Sciences
Q

Two thermally insulated vessels 1 and 2 are filled with air at temperatures T T...

Physics
Q

Length of resonance tube is 150 cm Maximum level of liquid in resonance candition for...

Physics
Q

11 Ollie Gibson is considering investing 10 000 in a certificate of deposit for 4...

Algebra
Q

COMPARATIVE FINANCIAL STATEMENTS FOR MELBOURNE INC. ARE SHOWN BELOW: BALANCE SHEET AS OF DECEMBER...

Accounting
Q

On January 1, Year 4, Cyrus Inc. paid $914,000 in cash to acquire all of...

Accounting
Q

1 Comare variances, and ereeare hoome statemeas Ayala Corporation accumulates the following data...

Accounting
Q

Wolfpack Company is a merchandising company that is preparing a budget for the month of...

Accounting
Q

is closely related to intrinsic motivation: Employees believe that they have the ability and autonomy...

Accounting
Q

The "white-water rapids" metaphor is used to describe what type of change? ...

Finance