Problem Solving with C++ (10th Edition)
10th Edition
ISBN: 9780134448282
Author: Walter Savitch, Kenrick Mock
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
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Loan negotiation is usually not a straightforward task. A type of loan is the discount installment loan. This type of loan has the following characteristics. Supposing a loan has a face value of GHC 1000, interest is 12% and the duration is 24 months. The interest is compounded by multiplying the face value by 0.12 to produce GHC 120. The figure (120) is then multiplied by the loan period of 2 years to give GHC 240 as the total interest owed. This amount is immediately deducted from the face value leaving the customer with only GHC 760. Repayment is then made in monthly equal installments based on the face value. This means that the monthly payment will be GHC 1000 divided by 24 which is approximately 41.67. This method of calculating the monthly repayment is not too bad if the consumer needs only GHC 760 but the calculation is a bit complicated if the consumer needs GHC 1000. a. Write a program that will take 3 inputs1. The amount the consumer needs2. The interest rate3. The duration…
Loan negotiation is usually not a straightforward task. A type of loan is the discount installment loan. This type of loan has the following characteristics. Supposing a loan has face value of GHC 1000, interest is 13% and the duration is 24 months. The interest is compounded by multiplying the face value by 0.13 to produce GHC 130. The figure (130) is then multiplied by the loan period of 2 years to give GHC 260 as the total interest owed. This amount is immediately deducted from the face value leaving the customer with only GHC 740. Repayment is then made in monthly equal installments based on the face value. This means that the monthly payment will be GHC 1000 divided by 24 which is approximately 41.67. This method of calculating the monthly repayment is not too bad if the consumer needs only GHC 760 but the calculation is a bit complicated if the consumer needs GHC 1000.
a. Write a program that will take 3 inputs
1. The amount the consumer needs
2. The interest rate
3. The duration…
Loan negotiation is usually not a straightforward task. A type of loan is the discount installment loan. This type of loan has the following characteristics. Supposing a loan has face value of GHC 1000, interest is 10% and the duration is 24 months. The interest is compounded by multiplying the face value by 0.12 to produce GHC 120. The figure (120) is then multiplied by the loan period of 2 years to give GHC 240 as the total interest owed. This amount is immediately deducted from the face value leaving the customer with only GHC 760. Repayment is then made in monthly equal installments based on the face value. This means that the monthly payment will be GHC 1000 divided by 24 which is approximately 41.67. This method of calculating the monthly repayment is not too bad if the consumer needs only GHC 760 but the calculation is a bit complicated if the consumer needs GHC 1000.
a. Write a program that will take 3 inputs
1. Theamounttheconsumerneeds
2. Theinterestrate
3.…
Chapter 2 Solutions
Problem Solving with C++ (10th Edition)
Ch. 2.1 - Give the declaration for two variables called feet...Ch. 2.1 - Give the declaration for two variables called...Ch. 2.1 - Give a C++ statement that will change the value of...Ch. 2.1 - Give a C++ statement that will increase the value...Ch. 2.1 - Give a C++ statement that will change the value of...Ch. 2.1 - Prob. 6STECh. 2.1 - Prob. 7STECh. 2.2 - Give an output statement that will produce the...Ch. 2.2 - Give an input statement that will fill the...Ch. 2.2 - Prob. 10STE
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...Ch. 2 - Prob. 16PP
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