Implement this C program using at least three arrays to store the interest, principle and balance after each payment respectively. For example, interest[0] stores the paid interest in the first payment. Besides, please use three pointers to visit the element in the three arrays separately. Name this C program as loanCalcPtr.c . 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 i shown below.wherer(1+r)^(1+r)n-1A = B-A = payment Amount per period (monthly payment)B = initial Balance (loan amount)r = interest rate per periodn = total number of payments or periodsExample 1: What would the monthly payment be on a 5-year, $20,000 car loan with anominal 7.5% annual interest rate?B = $20,000r = 7.5% per year / 12 months = 0.625%= 0.00625 per periodn = 5 years * 12 months = 60 total periods0.00625 (1+0.00625)60A = 20000 *= 400.76(1+0.00625 )60-12. Calculating the Principal(P), Interest(INT) and Balance(B) for eachpayment.The formula is shown below.INT(n) = B(n-1) *r;P(n) = AINT(n);B(n)= B(n-1) - P(n);Where INT (n), P (n) and B(n) are the paid principal, paid interest and new balance for thenth payment. And B (0) means the loan amount. Write a C program to calculate monthly payment and print a table of payment schedule for afixed rate loan, which performs a similar task as in the link below:http://www.bankrate.com/calculators/mortgages/loan-calculator.aspxIn this C program, the input and output are defined as following:The attached screenshot below shows a sample of the output.Yuans-MacBook-Pro:PC yuanlong$ ./loanCalcEnter amount of loan $500Enter Interest rate per year : % 7.5Enter number of payments : 5UNHInput: amount of loan, interest rate per year and number of paymentsMontly payment should be 101.8845Output: a table of amortization schedule (also called payment schedule) containingpayment number, monthly payment, principal paid, interest paid and new balance at eachrow.Note:Payment$101.88$101.88$101.88$101.88$101.88=====AMORTIZATION SCHEDULE==Principal$98.76$99.38$100.00$100.62$101.25Interest$3.12$2.51$1.89$1.26$0.63Balance$401.24$301.87$201.87$101.25$0.00monthly payments are equal. The way to calculate monthly payment and other values foreach row are provided in Appendix.The C program can be implemented within 80 lines of code. If your program is longerthan 80 lines, you may need to think about how to simplify your program.Hint: To print out a percentage %, please use %%. You may need to use C math library tocalculate the powers of numbers. To compile a C program using math library, you must addoption Im at the end of the cc command to link math library. E.g. gcc -o test test.c -lm

SOLUTION- I have solved this problem in C code with comments and screenshot for easy understanding…

mplement this C program using at least three arrays to store the interest, principle and balance after each payment respectively. For example, interest[0] stores the paid interest in the first payment. Besides, please use three pointers to visit the element in the three arrays separately. Name this C program as loanCalcPtr.c

mplement this C program using at least three arrays to store the interest, principle and balance after each payment respectively. For example, interest[0] stores the paid interest in the first payment. Besides, please use three pointers to visit the element in the three arrays separately. Name this C program as loanCalcPtr.c

C++ Programming: From Problem Analysis to Program Design

8th Edition

ISBN:9781337102087

Author:D. S. Malik

Publisher:D. S. Malik

Chapter8: Arrays And Strings

Section: Chapter Questions

Problem 20PE

See similar textbooks

Related questions

Q: In C++, write a function that uses a 2D array to act as a coordinate system in order to draw circles…

A: Draw Circle:- I'm trying to write a program for creating .pgm and .ppm and am trying to draw a…

Q: 2. Create an array in C, call it my_array, which has 1 dimension and 1000 elements. The value of…

A: Below I have provided a program for the given question. Also, I have attached a screenshot of the…

Q: This is in language C In this assignment, you will write a C program that involves processing…

A: A two-dimensional array can be thought of as a table with rows and columns, where each cell in the…

Q: ' Write a program for matrix addition.

A: Input Matrix A elements Input Matrix B elements Calculate Matrix C by calling function Print All the…

Q: Write a C++ program Do it by the two-dimensional array. Ask user how many students, and for…

A: As per question, we are asked to write a C++ program to find out the average marks of whole class by…

Q: Your function will need to correctly multiply the provided matrices and print out the resulting…

A: The complete C++ code is given below with screenshots

Q: Write a C program that takes an array from the user and calculates how many array elements are prime…

A: In C, an array element at index i will be at address arr+i. The element can be accessed by *(arr+i)…

Q: Write a program in C++ which asks the user to keep entering positive integers or -1 to quit. Then…

A: Your C++ program is given below as you required with an output and explanation.

Q: Write a C# code to find the second largest integer in an array using only one loop.

A: The below code snippet is Find the second highest value in an array using C#

Q: Give an example of a C++ code snippet that performs some operation on an array (e.g. sort, search,…

A: #include <bits/stdc++.h> using namespace std; int main() { int A[] = {…

Q: This is matlab

A: The complete MATALB code is below:

Q: Write a C# program that initializes 100 values in array and prints all the multiples of 78.

A: Program Code: using System; namespace ArrayApplication { class MyArray { static void…

Question

100%

Implement this C program using at least three arrays to store the interest, principle and balance after each payment respectively. For example, interest[0] stores the paid interest in the first payment. Besides, please use three pointers to visit the element in the three arrays separately. Name this C program as loanCalcPtr.c .

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 i shown below.
where
r(1+r)^
(1+r)n-1
A = B-
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
2. Calculating the Principal(P), Interest(INT) and Balance(B) for each
payment.
The formula is shown below.
INT(n) = B(n-1) *r;
P(n) = A
INT(n);
B(n)= B(n-1) - P(n);
Where INT (n), P (n) and B(n) are the paid principal, paid interest and new balance for the
nth payment. And B (0) means the loan amount.

Write a C program to calculate monthly payment and print a table of payment schedule for a
fixed rate loan, which performs a similar task as in the link below:
http://www.bankrate.com/calculators/mortgages/loan-calculator.aspx
In this C program, the input and output are defined as following:
The attached screenshot below shows a sample of the output.
Yuans-MacBook-Pro:PC yuanlong$ ./loanCalc
Enter amount of loan $500
Enter Interest rate per year : % 7.5
Enter number of payments : 5
UNH
Input: amount of loan, interest rate per year and number of payments
Montly payment should be 101.88
45
Output: a table of amortization schedule (also called payment schedule) containing
payment number, monthly payment, principal paid, interest paid and new balance at each
row.
Note:
Payment
$101.88
$101.88
$101.88
$101.88
$101.88
=====AMORTIZATION SCHEDULE==
Principal
$98.76
$99.38
$100.00
$100.62
$101.25
Interest
$3.12
$2.51
$1.89
$1.26
$0.63
Balance
$401.24
$301.87
$201.87
$101.25
$0.00
monthly payments are equal. The way to calculate monthly payment and other values for
each row are provided in Appendix.
The C program can be implemented within 80 lines of code. If your program is longer
than 80 lines, you may need to think about how to simplify your program.
Hint: To print out a percentage %, please use %%. You may need to use C math library to
calculate the powers of numbers. To compile a C program using math library, you must add
option Im at the end of the cc command to link math library. E.g. gcc -o test test.c -lm

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step by step

Solved in 4 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Follow-up Questions

Read through expert solutions to related follow-up questions below.

Follow-up Question

could you use arrays?

Solution

by Bartleby Expert

SEE SOLUTION

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.

Similar questions

made this program in C++
Write a c++ program to assign passengers seats in an airplane. Assume a small airplane with seat numbering as follows: 1 A B C D 2 A B C D 3 A B C D 4 A B C D 5 A B C D 6 A B C D 7 A B C D The program should display the seat pattern, with an 'X' marking the seats already assigned. For example, after seats 1A, 2B, and 4C are taken, the display should look like this: 1 X B C D 2 A X C D 3 A B C D 4 A B X D 5 A B C D 6 A B C D 7 A B C D After displaying the seats available, the program prompts for the seat desired, the user types in a seat, and then the display of available seats is updated. This continues until all seats are filled or until the user signals that the program should end. If the user types in a seat that is already assigned, the program should say that that seat is occupied and ask…
Using C++ Write a program that can be used to assign seats for a commercial airplane. The airplane has 13 rows, with six seats in each row. Rows 1 and 2 are first class, rows 3 through 7 are business class, and rows 8 through 13 are economy class. Your program must prompt the user to enter the following information: a. Ticket type (first class, business class, or economy class) b. Desired seat Output the seating plan as shown in the attached image: In the attached image, * indicates that the seat is available; X indicates that the seat is occupied. Make this a menu-driven program; show the user’s choices and allow the user to make the appropriate choices.
In c++ please. Given the sample code above in generating a random number. Create a program that lets the user play the game of Rock, Paper, Scissors against the computer. The program should work as follows. 1. When the program begins, a random number in the range of 1 through 3 is generated. If the number is 1, then the computer has chosen rock. If the number is 2, then the computer has chosen paper. If the number is 3, then the computer has chosen scissors.(Don’t display the computer’s choice yet.) 2. The user enters his or her choice of “rock”, “paper”, or “scissors” at the keyboard. (You can use a menu if you prefer.)3. The computer’s choice is displayed. 4. A winner is selected according to the following rules: a. If one player chooses rock and the other player chooses scissors, then rock wins.(The rock smashes the scissors.) b. If one player chooses scissors and the other player chooses paper, then scissor wins. (Scissors cuts paper.) c. If one player chooses paper and the other…
You must implement a C++ program that calculates the position and velocity of a body thrown with an initial velocity (v0) and with an angle to the horizontal (angle). The results should be displayed on the screen every some time (0.1 seconds) in a horizontal row. To validate your program, use the following example run where v0=10 and angle=53o as shown in the image: The data must be printed with two decimal places, find out how to do this in C++.Once all the calculations are printed, the program must ask if you want to repeat or if you want to exit the program. You implement the way to do it.As always the report should include (use the standard report): Cover page with title, course and section, names and student numbers of your team members in alphabetical order by last name.Introduction indicating in one paragraph what the program does and pseudocode/algorithm of the program. Detailed flowchart. Source code. Pictures of a running example. Next, the theory of ballistics problems:…
IN C PROGRAMMING LANGUAGE A resistor is a circuit device designed to have a specific resistance value between its ends. Resistance values are expressed in ohms (Ω) or kilo-ohms (kΩ). Resistors are frequently marked with colored bands that encode their resistance values, as shown in the Figure. The first two bands are digits, and the third is a power-of-ten multiplier. The Table below shows the meanings of each band color. For example, if the first band is green, the second is black, and the third is orange, the resistor has a value of 50 × 103 Ω or 50 k Ω. The information in the Table can be stored in a C program as an array of strings. char COLOR_CODES[10][7] = {"black", "brown", "red", "orange", "yellow", "green", "blue", "violet", "gray", "white"}; Notice that “red” is COLOR_CODES[2] and has a digit value of 2 and a multiplier value of 102. In general, COLOR_CODES[n] has digit value n and multiplier value 10n. Write a program that prompts for the colors…
Write a C program to display the Chinese Zodiac Animals for given year in which you were born. Please see attached image for your reference. Zodiac Animal Recent Years Rat 1924, 1936, 1948, 1960, 1972, 1984, 1996, 2008, 2020 Ox 1925, 1937, 1949, 1961, 1973, 1985, 1997, 2009, 2021 Tiger 1926, 1938, 1950, 1962, 1974, 1986, 1998, 2010, 2022 Rabbit 1927, 1939, 1951, 1963, 1975, 1987, 1999, 2011, 2023 Dragon 1928, 1940, 1952, 1964, 1976, 1988, 2000, 2012, 2024 Snake 1929, 1941, 1953, 1965, 1977, 1989, 2001, 2013, 2025 Horse 1930, 1942, 1954, 1966, 1978, 1990, 2002, 2014, 2026 Goat 1931, 1943, 1955, 1967, 1979, 1991, 2003, 2015, 2027 Monkey 1932, 1944, 1956, 1968, 1980, 1992, 2004, 2016, 2028 Rooster 1933, 1945, 1957, 1969, 1981, 1993, 2005, 2017, 2029 Dog 1934, 1946, 1958, 1970, 1982, 1994, 2006, 2018, 2030 Pig 1935, 1947, 1959, 1971, 1983, 1995, 2007, 2019, 2031
The Research team led by Bernadette Wolowitz at Cal-tech University has discovered a new Amoeba that grows in the order of a Fibonacci series every month. They are exhibiting this amoeba in a national. conference. They want to know the size of the amoeba at a particular time instant. If a particular month's index is given, write a program to display the amoeba's size. For Example, the size of the amoeba on month 1, 2, 3, 4, 5, 6,... will be 0, 1, 1, 2, 3, 5, 8.... respectively.
Based on the information on the image below, using python write a program that automates the table used by a surveyor to transform compass headings in degrees (0 to 360 degrees) to compass bearings. The program should require entry of a compass heading and should display the corresponding bearing. Use the information in the table below for the computation of compass bearing.
Please use basic C++ READ THE INSTRUCTIONS CAREFULLY. Submit it not in images so i can copy it.
One interesting application of computers is drawing graphs and bar charts.Write a program that prompts the user to enter 5 integers, and then outputs abar chart consisting of asterisks. The number of asterisks in each line of thebar chart must be equal to the number the user entered. You may assume theuser will enter only positive integers or 0. C++ please.
Write in C++