Most financial institutions limit the amount of money you can borrow for a house to 36% of your gross earnings after debt is subtracted. Debt includes what you owe on credit cards and car payment. Write a complete C++ program to prompt the user and input gross earnings, amount of credit card debt, and amount of car payment. Compute net earnings (earnings – credit card debt - car payment) and the maximum allowed for a mortgage (.36 * net earnings). Use a preprocessor defined directive to set the percentage 36%. Format all numbers to have 2 decimal places to the right of the decimal point. Sample run shown in box below. Input earnings: 5400.95 Input credit card debt: 200.45 Input car payment: 250.50 Net earnings: 4950.00 Maximum mortgage: 1782.00 Press any key to continue . . .
Max Function
Statistical function is of many categories. One of them is a MAX function. The MAX function returns the largest value from the list of arguments passed to it. MAX function always ignores the empty cells when performing the calculation.
Power Function
A power function is a type of single-term function. Its definition states that it is a variable containing a base value raised to a constant value acting as an exponent. This variable may also have a coefficient. For instance, the area of a circle can be given as:
PROGRAM:
//Header file
#include <iostream>
#include <iomanip>
//Defining preprocessor for percentage
#define percentage 36
//Using namespace
using namespace std;
//Defining main()
int main() {
//Declaring variables
float earnings, creditCardDebt, carPayment;
float netEarnings, maxMortage;
//Setting decimal precision
cout<<fixed<<setprecision(2);
//Getting input from the user
cout<<"Input earnings: ";
cin>>earnings;
cout<<"Input credit card debt: ";
cin>>creditCardDebt;
cout<<"Input car payment: ";
cin>>carPayment;
//Computing net earnings
netEarnings=earnings-creditCardDebt-carPayment;
cout<<percentage;
//Computing Maximum mortage
maxMortage= (((float)percentage)/100) *netEarnings;
//Printing result
cout<<"Net earnings: "<<netEarnings<<endl;
cout<<"Maximum mortage: "<<maxMortage<<endl;
}
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