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r(1+r)" A = B (1+r)" – 1

r(1+r)" A = B (1+r)" – 1

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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t/2354341/viewContent/46295972/View v1-chapter2-1 -. Question: 1) Implement this C program without the usage of arrays. Name this C program as loanCalc.c 2) Implement this C program using at least three arravs to store the interest princinle
Transcribed Image Text:t/2354341/viewContent/46295972/View v1-chapter2-1 -. Question: 1) Implement this C program without the usage of arrays. Name this C program as loanCalc.c 2) Implement this C program using at least three arravs to store the interest princinle
Bw1-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 C (1 +r)" – 1 where A= payment Amount per period nonthly payment) B = initial Balance (loan amount) 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 %D 0.00625 (1+0.00625 )60 A = 20000 * = 400.76 %3D (1+0.00625 )60–1 12
Transcribed Image Text:Bw1-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 C (1 +r)" – 1 where A= payment Amount per period nonthly payment) B = initial Balance (loan amount) 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 %D 0.00625 (1+0.00625 )60 A = 20000 * = 400.76 %3D (1+0.00625 )60–1 12
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