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apter2-1 4) Implement this C prograny defining a structure for each payment. The structure should have at least three members for the interest, principle and balance separately. And store all the payments in a structure array (the max size of which could be 100). Name this C program as loanCalcStruct.c.

apter2-1 4) Implement this C prograny defining a structure for each payment. The structure should have at least three members for the interest, principle and balance separately. And store all the payments in a structure array (the max size of which could be 100). Name this C program as loanCalcStruct.c.

COMPREHENSIVE MICROSOFT OFFICE 365 EXCE
COMPREHENSIVE MICROSOFT OFFICE 365 EXCE
1st Edition
ISBN:9780357392676
Author:FREUND, Steven
Publisher:FREUND, Steven
Chapter5: Working With Multiple Worksheets And Workbooks
Section: Chapter Questions
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12:20 al 5Gº O d2/le/content/2354341/viewContent/46295972/View Maps O w1-chapter2-1 Appendix: 1. Calculating the monthly payment. (Note: The following instruction is from http://www.vertex42.com/ ExcelArticles/amortization-calculation.html) The formula for calculating the payment amount is shown below. r(1+r)" A = B (1+r)" – 1 where A= payment Amount per period (monthly payment) B= initial Balance (loan amount) r= interest rate per period n= total number of payments or periods Example 1: What would the monthly payment be on a 5-year, $20,000 car loan with a nominal 7.5% annual interest rate? B = $20,000 r = 7.5% per year / 12 months = 0.625%= 0.00625 per period n = 5 years * 12 months = 60 total periods 0.00625 (1+0.00625 )60 A = 20000 * = 400.76 (1+0.00625 )60-1
Transcribed Image Text:12:20 al 5Gº O d2/le/content/2354341/viewContent/46295972/View Maps O w1-chapter2-1 Appendix: 1. Calculating the monthly payment. (Note: The following instruction is from http://www.vertex42.com/ ExcelArticles/amortization-calculation.html) The formula for calculating the payment amount is shown below. r(1+r)" A = B (1+r)" – 1 where A= payment Amount per period (monthly payment) B= initial Balance (loan amount) r= interest rate per period n= total number of payments or periods Example 1: What would the monthly payment be on a 5-year, $20,000 car loan with a nominal 7.5% annual interest rate? B = $20,000 r = 7.5% per year / 12 months = 0.625%= 0.00625 per period n = 5 years * 12 months = 60 total periods 0.00625 (1+0.00625 )60 A = 20000 * = 400.76 (1+0.00625 )60-1
12:19 al 5Gº O Don't S x O HW2 O assemb x C Progr. x My Disc x (A) Respons x d Kieta H 4341/viewContent/46295972/View apter2-1 4) Implement this C progran vý defining a structure for each payment. The structure should have at least three members for the interest, principle and balance separately. And store all the payments in a structure array (the max size of which could be 100). Name this C program as loanCalcStruct.c. Note: • In your answer sheet, for each C program above please attach a screenshot of the output when amount of loan is $2000, interest rate per year is %7.5 and mumber of payment is 6 • Put the source code of each C program above into your answer sheet. • Upload the c file of each C program above into the submission folder of iCollege. bmssion:
Transcribed Image Text:12:19 al 5Gº O Don't S x O HW2 O assemb x C Progr. x My Disc x (A) Respons x d Kieta H 4341/viewContent/46295972/View apter2-1 4) Implement this C progran vý defining a structure for each payment. The structure should have at least three members for the interest, principle and balance separately. And store all the payments in a structure array (the max size of which could be 100). Name this C program as loanCalcStruct.c. Note: • In your answer sheet, for each C program above please attach a screenshot of the output when amount of loan is $2000, interest rate per year is %7.5 and mumber of payment is 6 • Put the source code of each C program above into your answer sheet. • Upload the c file of each C program above into the submission folder of iCollege. bmssion:
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