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#include//Access cout #include //Access power function 3 #include //Access manipulators 4 using namespace std; const float LOAN AMOUNT = 50000.00; //Amount of the Loan const float YEARLY_INTEREST = 0.0524; //yearly interest rate const int NUMBER_OF YEARS= 8. int main() { //Local variables float monthlyInterest; //Monthly interest rate int numberofPayments; // Total number of payments float payment; //Monthly payment //calculating values monthlyInterest numberofPayments 6. 7; //Number of years 9. 10 11 12 13 14 YEARLY_INTEREST / 12; NUMBER OF YEARS 12; pow (1 + monthlyInterest, numberofPayments) monthlyInterest, numberofPayments) - 1); 15 16 (LOAN_AMOUNT раyment * monthlyInterest) / (pow(1 //output results cout <« fixed << setprecision(2) << "For the loan amount of " << LOAN AMOUNT << " with an interest rate of " << YEARLY_INTEREST <« " and a " <« NUMBER_OF_YEARS << year mortgage, cout << "." <« endl; 17 18 19 20 21 22 <« endl; your monthly payment are $" << payment << 23 24 25 26 return 0; 27 }

#include//Access cout #include //Access power function 3 #include //Access manipulators 4 using namespace std; const float LOAN AMOUNT = 50000.00; //Amount of the Loan const float YEARLY_INTEREST = 0.0524; //yearly interest rate const int NUMBER_OF YEARS= 8. int main() { //Local variables float monthlyInterest; //Monthly interest rate int numberofPayments; // Total number of payments float payment; //Monthly payment //calculating values monthlyInterest numberofPayments 6. 7; //Number of years 9. 10 11 12 13 14 YEARLY_INTEREST / 12; NUMBER OF YEARS 12; pow (1 + monthlyInterest, numberofPayments) monthlyInterest, numberofPayments) - 1); 15 16 (LOAN_AMOUNT раyment * monthlyInterest) / (pow(1 //output results cout <« fixed << setprecision(2) << "For the loan amount of " << LOAN AMOUNT << " with an interest rate of " << YEARLY_INTEREST <« " and a " <« NUMBER_OF_YEARS << year mortgage, cout << "." <« endl; 17 18 19 20 21 22 <« endl; your monthly payment are $" << payment << 23 24 25 26 return 0; 27 }

Database System Concepts
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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Following is the C++ program that calculates mortgage payment. To change the output statement that prints the interest rate with four decimal places, but the dollar amount continues to have two decimal places. 

#include<iostream>//Access cout #include<cmath> //Access power function 3 #include<iomanip> //Access manipulators 4 using namespace std; const float LOAN AMOUNT = 50000.00; //Amount of the Loan const float YEARLY_INTEREST = 0.0524; //yearly interest rate const int NUMBER_OF YEARS= 8. int main() { //Local variables float monthlyInterest; //Monthly interest rate int numberofPayments; // Total number of payments float payment; //Monthly payment //calculating values monthlyInterest numberofPayments 6. 7; //Number of years 9. 10 11 12 13 14 YEARLY_INTEREST / 12; NUMBER OF YEARS 12; pow (1 + monthlyInterest, numberofPayments) monthlyInterest, numberofPayments) - 1); 15 16 (LOAN_AMOUNT раyment * monthlyInterest) / (pow(1 //output results cout <« fixed << setprecision(2) << "For the loan amount of " << LOAN AMOUNT << " with an interest rate of " << YEARLY_INTEREST <« " and a " <« NUMBER_OF_YEARS << year mortgage, cout << "." <« endl; 17 18 19 20 21 22 <« endl; your monthly payment are $" << payment << 23 24 25 26 return 0; 27 }
Transcribed Image Text:#include<iostream>//Access cout #include<cmath> //Access power function 3 #include<iomanip> //Access manipulators 4 using namespace std; const float LOAN AMOUNT = 50000.00; //Amount of the Loan const float YEARLY_INTEREST = 0.0524; //yearly interest rate const int NUMBER_OF YEARS= 8. int main() { //Local variables float monthlyInterest; //Monthly interest rate int numberofPayments; // Total number of payments float payment; //Monthly payment //calculating values monthlyInterest numberofPayments 6. 7; //Number of years 9. 10 11 12 13 14 YEARLY_INTEREST / 12; NUMBER OF YEARS 12; pow (1 + monthlyInterest, numberofPayments) monthlyInterest, numberofPayments) - 1); 15 16 (LOAN_AMOUNT раyment * monthlyInterest) / (pow(1 //output results cout <« fixed << setprecision(2) << "For the loan amount of " << LOAN AMOUNT << " with an interest rate of " << YEARLY_INTEREST <« " and a " <« NUMBER_OF_YEARS << year mortgage, cout << "." <« endl; 17 18 19 20 21 22 <« endl; your monthly payment are $" << payment << 23 24 25 26 return 0; 27 }
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