Costway provide a loan scheme to their staffs. The duration payment (year of installment) is 2 years. The maximum loan is RM10,000. The program that can help the Account Department to calculate the monthly installment. The program should be able to receive inputs from the staff: name, year of installment and the amount of loan in RM. Based on these inputs, the program should therefore be able to calculate the monthly installment. Display the staff's name, year of installment, the amount of loan and the installment. The table for the interest calculation is provided as follows: Year of installment <2 years Amount of Loan (RM) <5,000 5,000 10,000 < 5,000 5,000-10,000 Interest (%) 2.0 2.5 22 years 1.5 2.0 The formulas for the monthly installment calculation are as follows: Total of Interest = Percent of Interest x Amount of Loan Total Loan with Interest = Amount of Loan + Total of Interest Monthly Installment = Total Loan with Interest/(Year of Installment x 12) %3D

Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
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WEEK7
Costway provide a loan scheme to their staffs. The duration payment (year of
installment) is 2 years. The maximum loan is RM10,000. The program that can help
the Account Department to calculate the monthly installment. The program should be
able to receive inputs from the staff: name, year of installment and the amount of loan
in RM. Based on these inputs, the program should therefore be able to calculate the
monthly installment. Display the staff's name, year of installment, the amount of loan
and the installment. The table for the interest calculation is provided as follows:
Year of
Amount of Loan
installment
<2 years
(RM)
<5,000
5,000 - 10,000
<5,000
5.000 10,000
Interest
(%)
2.0
2.5
22 years
1.5
2.0
The formulas for the monthly installment calculation are as follows:
Total of Interest = Percent of Interest x Amount of Loan
Total Loan with Interest = Amount of Loan + Total of Interest
Monthly Installment = Total Loan with Interest/(Year of Installment x 12)
%3D
Transcribed Image Text:WEEK7 Costway provide a loan scheme to their staffs. The duration payment (year of installment) is 2 years. The maximum loan is RM10,000. The program that can help the Account Department to calculate the monthly installment. The program should be able to receive inputs from the staff: name, year of installment and the amount of loan in RM. Based on these inputs, the program should therefore be able to calculate the monthly installment. Display the staff's name, year of installment, the amount of loan and the installment. The table for the interest calculation is provided as follows: Year of Amount of Loan installment <2 years (RM) <5,000 5,000 - 10,000 <5,000 5.000 10,000 Interest (%) 2.0 2.5 22 years 1.5 2.0 The formulas for the monthly installment calculation are as follows: Total of Interest = Percent of Interest x Amount of Loan Total Loan with Interest = Amount of Loan + Total of Interest Monthly Installment = Total Loan with Interest/(Year of Installment x 12) %3D
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