Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 431 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 28 Aug 2017 My Price 8.00

interest rate

Project: Comparing Loans

Problem Description:

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 5% to 8%, with an increment of 1/8. Here is a sample run:

Loan Amount: 10000

Number of Years: 5

Interest Rate Monthly Payment Total Payment

5%           188.71          11322.74

5.125%       189.28          11357.13

5.25%    189.85          11391.59

...

7.875%       202.17          12129.97

8.0%         202.76          12165.83

Hint:

Can you get the first four rows manually? This will help you understand how to compute the numbers mathematically.

Can you write a program to produce the first four rows? This will help you see the pattern.

Can you generalize it in a loop to produce all the rows?

Finally, format the output correctly.

     Double rate;

    rate= rate/1200;

   double x=(1 + rate)^ms

   mp=(rate+ rate/(x -1))*p

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Aug 2017 01:08 PM My Price 8.00

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