The company offers 10-, 15-, and 30-year fixed loans. The interest rates offered to customers are based on the customer’s credit Score. Credit scores are classified into the following categories: Table 1: Credit Score Categories Range 720-850 Rating Excellent Good 690-719 Fair 630-689 Bad 300-629 The program should initially prompt the user (the loan officer) for the principle of the loan (i.e. the amount that is being borrowed). It should then ask him or her to enter the customer's credit score. Based on the customer's credit score, the program will randomly generate an interest rate based on the following ranges: Table 2: Interest Rate Assignments Rating Interest Rate Excellent 2.75% - 4.00% Good 4.01% - 6.50% Fair 6.51% - 8.75% Bad 8.76% - 10.50% The final input should be the number of years that the loan will be outstanding. Because the company only offers three different terms ( 10-, 15-, and 30-year loans), the program should ensure that no other terms are entered.

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
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Can I get help writing out this in C++

22:05 M
|YG
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The company offers 10-, 15-, and 30-year
fixed loans. The interest rates offered to
customers are based on the customer's credit
Score. Credit scores are classified into the
following categories:
Table 1: Credit Score Categories
Rating
Range
Excellent
720-850
Good
690-719
Fair
630-689
Bad
300-629
The program should initially prompt the user
(the loan officer) for the principle of the loan
(i.e. the amount that is being borrowed). It
should then ask him or her to enter the
customer's credit score. Based on the
customer's credit score, the program will
randomly generate an interest rate based on
the following ranges:
Table 2: Interest Rate Assignments
Rating
Excellent
Interest Rate
2.75% - 4.00%
Good
4.01% - 6.50%
Fair
6.51% - 8.75%
Bad
8.76% - 10.50%
The final input should be the number of years
that the loan will be outstanding. Because the
company only offers three different terms (
10-, 15-, and 30-year loans), the program
should ensure that no other terms are entered.
Page Break
Formulas
Transcribed Image Text:22:05 M |YG 68% The company offers 10-, 15-, and 30-year fixed loans. The interest rates offered to customers are based on the customer's credit Score. Credit scores are classified into the following categories: Table 1: Credit Score Categories Rating Range Excellent 720-850 Good 690-719 Fair 630-689 Bad 300-629 The program should initially prompt the user (the loan officer) for the principle of the loan (i.e. the amount that is being borrowed). It should then ask him or her to enter the customer's credit score. Based on the customer's credit score, the program will randomly generate an interest rate based on the following ranges: Table 2: Interest Rate Assignments Rating Excellent Interest Rate 2.75% - 4.00% Good 4.01% - 6.50% Fair 6.51% - 8.75% Bad 8.76% - 10.50% The final input should be the number of years that the loan will be outstanding. Because the company only offers three different terms ( 10-, 15-, and 30-year loans), the program should ensure that no other terms are entered. Page Break Formulas
22:05 a M& O
INSTRUCTION
IG 68%
C++ Programming Assignment 1
Loan Payment Calculator
The purpose of this assignment is to get you
back into programming and give you some
practice with some C++ topics that you
should be familiar with from CSIS 111 as
well as a new concept, random number
generation.
Overview:
You are working as a computer programmer
for a mortgage company that provides loans
to consumers for residential housing. Your
task is to create an application to be used by
the loan officers of the company when
presenting loan options to its customers. The
application will be a mortgage calculator that
determines a monthly payment for loans.
The company offers 10-, 15-, and 30-year
fixed loans. The interest rates offered to
customers are based on the customer's credit
Score. Credit scores are classified into the
following categories:
Table 1: Credit Score Categories
Rating
Excellent
Range
720-850
Good
690-719
Fair
630-689
Bad
300-629
The program should initially prompt the user
(the loan officer) for the principle of the loan
(i.e. the amount that is being borrowed). It
should then ask him or her to enter the
customer's credit score. Based on the
customer's credit score, the
program will
Transcribed Image Text:22:05 a M& O INSTRUCTION IG 68% C++ Programming Assignment 1 Loan Payment Calculator The purpose of this assignment is to get you back into programming and give you some practice with some C++ topics that you should be familiar with from CSIS 111 as well as a new concept, random number generation. Overview: You are working as a computer programmer for a mortgage company that provides loans to consumers for residential housing. Your task is to create an application to be used by the loan officers of the company when presenting loan options to its customers. The application will be a mortgage calculator that determines a monthly payment for loans. The company offers 10-, 15-, and 30-year fixed loans. The interest rates offered to customers are based on the customer's credit Score. Credit scores are classified into the following categories: Table 1: Credit Score Categories Rating Excellent Range 720-850 Good 690-719 Fair 630-689 Bad 300-629 The program should initially prompt the user (the loan officer) for the principle of the loan (i.e. the amount that is being borrowed). It should then ask him or her to enter the customer's credit score. Based on the customer's credit score, the program will
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