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