An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. The annuity formula is: A = P(i+T+ -1) i (1+ i)" where: A = periodic payment amount P = amount of principal, net of initial payments, meaning "subtract any down-payments" i = periodic interest rate (as a decimal) n = total number of payments For a 30-year loan with monthly payments, тonths n = 30 years x 12- уear = 360 months Note that the interest rate is commonly referred to as an annual percentage rate (e.g. 8% APR), but in the above formula, since the payments are monthly, the rate i must be in terms of a monthly percent (as a decimal). Write a program that implements the amortization formula and use it to find the monthly mortgage payment for a 30 year fixed rate mortgage of a home costly $559,700 at an interest rate of 4.625%. Ask the user to input the principal, the interest rate, number of years. Be sure to include at least two functions.

An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. The annuity formula is: A = P(i+T+ -1) i (1+ i)" where: A = periodic payment amount P = amount of principal, net of initial payments, meaning "subtract any down-payments" i = periodic interest rate (as a decimal) n = total number of payments For a 30-year loan with monthly payments, тonths n = 30 years x 12- уear = 360 months Note that the interest rate is commonly referred to as an annual percentage rate (e.g. 8% APR), but in the above formula, since the payments are monthly, the rate i must be in terms of a monthly percent (as a decimal). Write a program that implements the amortization formula and use it to find the monthly mortgage payment for a 30 year fixed rate mortgage of a home costly $559,700 at an interest rate of 4.625%. Ask the user to input the principal, the interest rate, number of years. Be sure to include at least two functions.

C++ Programming: From Problem Analysis to Program Design

8th Edition

ISBN:9781337102087

Author:D. S. Malik

Publisher:D. S. Malik

Chapter5: Control Structures Ii (repetition)

Section: Chapter Questions

Problem 20PE: When you borrow money to buy a house, a car, or for some other purpose, you repay the loan by making...

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When you borrow money to buy a house, a car, or for some other purpose, you repay the loan by making periodic payments over a certain period of time. Of course, the lending company will charge interest on the loan. Every periodic payment consists of the interest on the loan and the payment toward the principal amount. To be specific, suppose that you borrow $1,000 at an interest rate of 7.2% per year and the payments are monthly. Suppose that your monthly payment is $25. Now, the interest is 7.2% per year and the payments are monthly, so the interest rate per month is 7.2/12 = 0.6%. The first months interest on $1,000 is 1000 0.006 = 6. Because the payment is $25 and the interest for the first month is $6, the payment toward the principal amount is 25 6 = 19. This means after making the first payment, the loan amount is 1,000 19 = 981. For the second payment, the interest is calculated on $981. So the interest for the second month is 981 0.006 = 5.886, that is, approximately $5.89. This implies that the payment toward the principal is 25 5.89 = 19.11 and the remaining balance after the second payment is 981 19.11 = 961.89. This process is repeated until the loan is paid. Write a program that accepts as input the loan amount, the interest rate per year, and the monthly payment. (Enter the interest rate as a percentage. For example, if the interest rate is 7.2% per year, then enter 7.2.) The program then outputs the number of months it would take to repay the loan. (Note that if the monthly payment is less than the first months interest, then after each payment, the loan amount will increase. In this case, the program must warn the borrower that the monthly payment is too low, and with this monthly payment, the loan amount could not be repaid.)
Summary Interest on a credit card's unpaid balance is calculated using the average daily balance. Suppose that netBalance is the balance shown in the bill, payment is the payment made, d1 is the number of days in the billing cycle, and d2 is the number of days payment is made before billing cycle. Then, the average daily balance is: averageDailyBalance = (netBalance * d1 payme If the interest rate per month is, say, 0.0152, then the interest on the unpaid balance is: interest averageDailyBalance * 0.0152 Instructions Write a program that accepts as input netBalance, d1, payment, d2, and interest rate per month ( interestRate).
Brute force equation solver this is python program. Numerous engineering and scientific applications require finding solutions to a set of equations. Ex: 8x + 7y = 38 and 3x - 5y = -1 have a solution x = 3, y = 2. Given integer coefficients of two linear equations with variables x and y, use brute force to find an integer solution for x and y in the range -10 to 10. Ex: If the input is: 8 7 38 3 -5 -1 Then the output is: 3 2 Use this brute force approach: For every value of x from -10 to 10 For every value of y from -10 to 10 Check if the current x and y satisfy both equations. If so, output the solution, and finish. Ex: If no solution is found, output: No solution You can assume the two equations have no more than one solution. Note: Elegant mathematical techniques exist to solve such linear equations. However, for other kinds of equations or situations, brute force can be handy. ''' Read in first equation, ax + by = c '''a = int(input())b = int(input())c = int(input()) ''' Read in…
(Data processing) Your professor has asked you to write a C++ program that determines grades at the end of the semester. For each student, identified by an integer number between 1 and 60, four exam grades must be kept, and two final grade averages must be computed. The first grade average is simply the average of all four grades. The second grade average is computed by weighting the four grades as follows: The first grade gets a weight of 0.2, the second grade gets a weight of 0.3, the third grade gets a weight of 0.3, and the fourth grade gets a weight of 0.2. That is, the final grade is computed as follows: 0.2grade1+0.3grade2+0.3grade3+0.2grade4 Using this information, construct a 60-by-7 two-dimensional array, in which the first column is used for the student number, the next four columns for the grades, and the last two columns for the computed final grades. The program’s output should be a display of the data in the completed array. For testing purposes, the professor has provided the following data:
What is the opposite of greater than?
Computer Science This is an introductory exercise to the manipulation of random variables with Python as a language for scientific computing and numerical computation. You have: f(x) = Ae-0.1x)° 4 x*, 0
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Q1\A) A paint company is trying to recycle unpopular paint colours by mixing them together to create better colours. All paints are composed of four pigments (A,B,C,D). The current paints are composed of pigments (in percent) according to the following equations: are p₁ = 80A + 16C + 4D, P2 = 80B + 20C, P3 = 30A + 10B + 60℃, p4 = 10A + 10B + 72C + 8D. The better colour say p5 is composed as follows: p5 = 40A + 27B + 31C + 2D. How much of the paints P1, P2, P3, and p4 should be used to make one gallon of p5. Hint: use (Ax=b). B) Write a MATLAB program to transform temperature from Fahrenheit to Celsius, if the temperature is (OF) and the formula is Celsius= (Fahrenheit-32)x5/9.
Python Answer Required: A Rajesh teaches a cooking class. The course is attended by NN students, numbered 11 to NN. The cook must participate in the presence before each class, i.e. call out the names of the students one by one and indicate which students are present. Each student has a first and last name. To save time, Rajesh only wants to call up students' first names. However, if there are multiple students with the same first name, the Rajesh must call out the full names (first and last names) of all those students. For any student who does not share a first name with any other student, the cook can still only call that student's first name. Help the Rajesh decide for each student whether to call that student's full name or just their first name. Input 1 1 hasan jaddouh Output hasan
A year in the modern Gregorian Calendar consists of 365 days. In reality, the earth takes longer to rotate around the sun. To account for the difference in time, every 4 years, a leap year takes place. A leap year is when a year has 366 days: An extra day, February 29th. The requirements for a given year to be a leap year are: 1) The year must be divisible by 4 2) If the year is a century year (1700, 1800, etc.), the year must be evenly divisible by 400 Some example leap years are 1600, 1712, and 2016. Write a program that takes in a year and determines whether that year is a leap year. Ex: If the input is 1712, the output is: 1712 - leap year Ex: If the input is 1913, the output is: 1913 - not a leap year I need answer in CC+