Problem Solving with C++ (9th Edition)
Problem Solving with C++ (9th Edition)
9th Edition
ISBN: 9780133591743
Author: Walter Savitch
Publisher: PEARSON
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Chapter 2, Problem 4PP

Negotiating a consumer loan is not always straightforward. One form of loan is the discount installment loan, which works as follows. Suppose a loan has a face value of $1,000, the interest rate is 15%, and the duration is 18 months. The interest is computed by multiplying the face value of $1,000 by 0.15, to yield $150. That figure is then multiplied by the loan period of 1.5 years to yield $225 as the total interest owed. That amount is immediately deducted from the face value, leaving the consumer with only $775. Repayment is made in equal monthly installments based on the face value. So the monthly loan payment will be $1,000 divided by 18, which is $55.56. This method of calculation may not be too bad if the consumer needs $775 dollars, but the calculation is a bit more complicated if the consumer needs $1,000. Write a program that will take three inputs: the amount the consumer needs to receive, the interest rate, and the duration of the loan in months. The program should then calculate the face value required in order for the consumer to receive the amount needed. It should also calculate the monthly payment. Your program should allow the calculations to be repeated as often as the user wishes.

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Chapter 2 Solutions

Problem Solving with C++ (9th Edition)

Ch. 2.2 - Write a complete C++ program that writes the...Ch. 2.2 - Write a complete C++ program that reads in two...Ch. 2.2 - Prob. 13STECh. 2.2 - Write a short program that declares and...Ch. 2.3 - Convert each of the following mathematical...Ch. 2.3 - Prob. 16STECh. 2.3 - What is the output of the following program lines...Ch. 2.3 - Write a complete C++ program that reads two whole...Ch. 2.3 - Given the following fragment that purports to...Ch. 2.3 - What is the output of the following program lines...Ch. 2.4 - Write an if-else statement that outputs the word...Ch. 2.4 - Suppose savings and expenses are variables of type...Ch. 2.4 - Write an if-else statement that outputs the word...Ch. 2.4 - Write an if-else statement that outputs the word...Ch. 2.4 - Consider a quadratic expression, say x2 x 2...Ch. 2.4 - Consider the quadratic expression x2 4x + 3...Ch. 2.4 - What is the output of the following cout...Ch. 2.4 - What is the output produced by the following (when...Ch. 2.4 - What output would be produced in the previous...Ch. 2.4 - What is the output produced by the following (when...Ch. 2.4 - What is the output produced by the following (when...Ch. 2.4 - What is the most important difference between a...Ch. 2.4 - What is the output produced by the following (when...Ch. 2.4 - Write a complete C++ program that outputs the...Ch. 2.5 - The following if-else statement will compile and...Ch. 2.5 - Prob. 36STECh. 2.5 - Write a complete C++ program that asks the user...Ch. 2 - A metric ton is 35,273.92 ounces. Write a program...Ch. 2 - The Babylonian algorithm to compute the square...Ch. 2 - Many treadmills output the speed of the treadmill...Ch. 2 - Write a program that plays the game of Mad Lib....Ch. 2 - The following is a short program that computes the...Ch. 2 - A government research lab has concluded that an...Ch. 2 - Workers at a particular company have won a 7.6%...Ch. 2 - Modify your program from Programming Project 2 so...Ch. 2 - Negotiating a consumer loan is not always...Ch. 2 - Write a program that determines whether a meeting...Ch. 2 - Prob. 6PPCh. 2 - It is difficult to make a budget that spans...Ch. 2 - You have just purchased a stereo system that cost...Ch. 2 - Write a program that reads in ten whole numbers...Ch. 2 - Modify your program from Programming Project 9 so...Ch. 2 - Sound travels through air as a result of...Ch. 2 - Prob. 12PPCh. 2 - The HarrisBenedict equation estimates the number...Ch. 2 - Write a program that calculates the total grade...Ch. 2 - It is important to consider the effect of thermal...

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