Write a C++ program to create a Loan Authorization Calculator, which should produce a Monthly Payment Schedule for the entire Loan Period where the Monthly Installment should gradually increase so that the amount of the First Installment should be Half of the Last Installment. Implement your solution as per the following specifications. • User should input the value of P, R, and Y. • The program should calculate the value of r, n, x, and A. • The program should output the amount of each installments and sum of all Payments. Specifications Mathematical Notations Examples Input Principal Loan Amount Annual Interest Rate 500,000 20 Loan Period (Years) Processing /Calculations Monthly Interest Rate Y 5 R 1.01667 r =1+ 12 x 100 Loan Period (Months) Rate of Increase in Installments n = Y x 12 60 X = 1.01182 "x (r – x) p" – x" Instalment Base 9722.16 A = Px-
Write a C++ program to create a Loan Authorization Calculator, which should produce a Monthly Payment Schedule for the entire Loan Period where the Monthly Installment should gradually increase so that the amount of the First Installment should be Half of the Last Installment. Implement your solution as per the following specifications. • User should input the value of P, R, and Y. • The program should calculate the value of r, n, x, and A. • The program should output the amount of each installments and sum of all Payments. Specifications Mathematical Notations Examples Input Principal Loan Amount Annual Interest Rate 500,000 20 Loan Period (Years) Processing /Calculations Monthly Interest Rate Y 5 R 1.01667 r =1+ 12 x 100 Loan Period (Months) Rate of Increase in Installments n = Y x 12 60 X = 1.01182 "x (r – x) p" – x" Instalment Base 9722.16 A = Px-
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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Question
Please use C ++ program
![Write a C++ program to create a Loan Authorization Calculator, which should produce a Monthly
Payment Schedule for the entire Loan Period where the Monthly Installment should gradually
increase so that the amount of the First Installment should be Half of the Last Installment.
Implement your solution as per the following specifications.
• User should input the value of P, R, and Y.
• The program should calculate the value of r, n, x, and A.
• The program should output the amount of each installments and sum of all Payments.
Specifications
Mathematical Notations
Examples
Input
Principal Loan Amount
500,000
Annual Interest Rate
R.
20
Loan Period (Years)
Y
Processing /Calculations
Monthly Interest Rate
R
1.01667
r = 1+
12 x 100
Loan Period (Months)
n = Yx 12
60
Rate of Increase in Installments
x = "V2
1.01182
pn x (r – x)
A = Px-
Instalment Base
9722.16
< o O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2ce51cb7-b280-4cb0-9d08-f88976cb052c%2F1e3024e9-3553-4168-8089-d8d2d32e92da%2F3d0r82c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Write a C++ program to create a Loan Authorization Calculator, which should produce a Monthly
Payment Schedule for the entire Loan Period where the Monthly Installment should gradually
increase so that the amount of the First Installment should be Half of the Last Installment.
Implement your solution as per the following specifications.
• User should input the value of P, R, and Y.
• The program should calculate the value of r, n, x, and A.
• The program should output the amount of each installments and sum of all Payments.
Specifications
Mathematical Notations
Examples
Input
Principal Loan Amount
500,000
Annual Interest Rate
R.
20
Loan Period (Years)
Y
Processing /Calculations
Monthly Interest Rate
R
1.01667
r = 1+
12 x 100
Loan Period (Months)
n = Yx 12
60
Rate of Increase in Installments
x = "V2
1.01182
pn x (r – x)
A = Px-
Instalment Base
9722.16
< o O
![Output
1* Instalment
a, = Ax xo
a = A x x'
az = Ax x²
9722.16
2nd Instalment
9837.06
3rd Instalment
9953.31
-- -
2nd Last Instalment
a,-2 = A × xn-2
an-1 = A x x n-1
19217.20
Last Instalment
19444.30
Sum of Payments
n-1
842134.00
sum =
a
< o O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2ce51cb7-b280-4cb0-9d08-f88976cb052c%2F1e3024e9-3553-4168-8089-d8d2d32e92da%2Finyfctg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Output
1* Instalment
a, = Ax xo
a = A x x'
az = Ax x²
9722.16
2nd Instalment
9837.06
3rd Instalment
9953.31
-- -
2nd Last Instalment
a,-2 = A × xn-2
an-1 = A x x n-1
19217.20
Last Instalment
19444.30
Sum of Payments
n-1
842134.00
sum =
a
< o O
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