Concept explainers
Monthly Payments
The monthly payment on a loan may be calculated by the following formula:
• Rate is the monthly interest rate, which is the annual interest rate divided by 12.
(A 12 percent annual interest would be 1 percent monthly interest.)
• N is the number of payments
• L is the amount of the loan.
Write a
Loan Amount: $ 10000.00
Monthly Interest Rate: 1%
Number of Payment s: 36
Monthly Payment: $ 332 .14
Amount Paid Back: $ 11957 .15
Interest Paid: $ 1957. 15
Want to see the full answer?
Check out a sample textbook solutionChapter 3 Solutions
Starting Out With C++: Early Objects (10th Edition)
Additional Engineering Textbook Solutions
INTERNATIONAL EDITION---Engineering Mechanics: Statics, 14th edition (SI unit)
Degarmo's Materials And Processes In Manufacturing
Starting Out with Python (4th Edition)
Elementary Surveying: An Introduction To Geomatics (15th Edition)
Starting Out with Programming Logic and Design (5th Edition) (What's New in Computer Science)
- Ron bought several acres of farm to grow and sell vegetables. Suppose that Ron wants to grow a maximum of two types of vegetables. Write a program that prompts Ron or the user to do the following: Enter the total farm area in acres. The number of vegetables (one or two) that the user wants to grow. If the user wants to grow trwo types of vegetables, then specify the portion,as a percentage, of the farm land used for each type of vegetable. Enter the seed cost, plantation cose, fertilizing cost, labor cost, for each acre. Enter vegetable selling price per acre. Output the total revenue. Output the profit/loss.arrow_forward(Numerical) Write an assignment statement to calculate the nth term in an arithmetic sequence. This is the formula for calculating the value, v, of the nth term: v=a+(n1)d a is the first number in the sequence. d is the difference between any two numbers in the sequence.arrow_forward(Conversion) Write an assignment statement to convert temperature in degrees Fahrenheit to degrees Celsius. The formula for this conversion is Celsius=5/9(Fahrenheit32).arrow_forward
- Time CalculatorWrite a program that asks the user to enter a number of seconds.-There are 60 seconds in a minute. If the number of seconds entered by the user is greater than or equal to 60, the program should display the number of minutes and leftover seconds in that many seconds.-There are 3,600 seconds in an hour. If the number of seconds entered by the user is greater than or equal to 3,600, the program should display the number of hours, minutes, and leftover seconds in that many seconds.-There are 86,400 seconds in a day. If the number of seconds entered by the user is greater than or equal to 86,400, the program should display the number of days, hours, minutes, and leftover seconds in that many seconds.arrow_forwardInterest Rates Savings accounts state an interest rate and a compounding period. If theamount deposited is P, the stated interest rate is r, and interest is compounded m timesper year, then the balance in the account after one year is P⋅(1+rm)m. For instance, if$1000 is deposited at 3% interest compounded quarterly (that is, 4 times per year), thenthe balance after one year is1000⋅(1+.034)4=1000⋅1.00754=$1,030.34.Interest rates with different compounding periods cannot be compared directly.The concept of APY (annual percentage yield) must be used to make the comparison. TheAPY for a stated interest rate r compounded m times per year is defined byAPY=(1+rm)m−1.(The APY is the simple interest rate that yields the same amount of interest after oneyear as the compounded annual rate of interest.) Write a program to compare interestrates offered by two different banks and determine the most favorable interest rate. SeeFig. 4.24.arrow_forwardpythonarrow_forward
- Retail price calculator Write a program that asks the user to enter an item’s wholesale cost and its markup percentage. It should then display the item’s retail price. For example: • If an item’s wholesale cost is 5.00 and its markup percentage is 100 percent, then the item’s retail price is 10.00.• If an item’s wholesale cost is 5.00 and its markup percentage is 50 percent, then the item’s retail price is 7.50. The program should have a method named calculateRetail that receives the wholesale cost and the markup percentage as arguments and returns the retail price of the item.arrow_forwardIntro to Python Programmingarrow_forwardmystery_value = 5 #You may modify the lines of code above, but don't move them!#When you Submit your code, we'll change these lines to#assign different values to the variables. #Write a program that divides mystery_value by mystery_value#and prints the result. If that operation results in an#error, divide mystery_value by (mystery_value + 5) and then#print the result. If that still fails, multiply mystery_value#by 5 and print the result. You may assume one of those three#things will work.##You may not use any conditionals.# #Add your code here!arrow_forward
- METHODOLOGY A bookstore owner wants you to write a program that calculates the gross pay of an employee. The input to the program is the number of hours the employee works in one week and the employee’s hourly pay rate. The program is to calculate the employee’s gross pay including the possibility of overtime pay. Regular pay is the number of hours the employee worked (up to 40 hours) times the hourly rate. The program is to compute an overtime pay if the employee worked more than 40 hours. All hours beyond 40 should be multiplied to 1.5 for the OT differential pay The program should output the worker’s regular pay, overtime time, and the gross pay (sum of the regular pay and overtime pay). Create an IPO and flowchartarrow_forwardPopulation Tracker Learning Objective: Using Python Repetition and Loop Statements Problem Description Write a Python program (Console and GUI) that predicts the approximate size of a population of organisms. The application should use text boxes to allow the user to enter the following information: starting number of organisms, the average daily population increase (as a percentage), and the number of days the organisms will be left to multiply. For example, assume the user enters the following values: Starting number of organisms: 2 Average daily increase: 30% Number of days to multiply: 10 The program should display the following table of dataarrow_forwardOdd Even Number Problem Description Even Numbers are integers that are exactly divisible by 2, whereas an odd number cannot be exactly divided by 2. Example of even numbers are 2,4,6,8 and odd numbers are 1, 3, 5, 7, 9. Input The first line input contains an integer, which determines the number of test cases. Each of following lines represent sequence of integers that ends with 0. 2 34 1 8 5 22 0 10 7 16 -2 0 Output For each test case, the output will present the size of oddQueue and evenQueue following with the integers of odd and even numbers. oddQueue 2: 1 5 evenQueue 3: 34 8 22 oddQueue 1: 7 evenQueue 3: 10 16 -2 ** Your task is to write a program that will read the input and identify whether it is an odd number or even number. /******************************************************************************* Compilation: javac Queue.java** The Queue class represents a first-in-first-out (FIFO) queue of generic items.* It supports the usual enqueue and dequeue…arrow_forward
- C++ for Engineers and ScientistsComputer ScienceISBN:9781133187844Author:Bronson, Gary J.Publisher:Course Technology PtrEBK JAVA PROGRAMMINGComputer ScienceISBN:9781337671385Author:FARRELLPublisher:CENGAGE LEARNING - CONSIGNMENTC++ Programming: From Problem Analysis to Program...Computer ScienceISBN:9781337102087Author:D. S. MalikPublisher:Cengage Learning
- Programming Logic & Design ComprehensiveComputer ScienceISBN:9781337669405Author:FARRELLPublisher:Cengage