Write a C program that will calculate the total payment for a brand new car being purchased on installment. The user will input the car price, amount of downpayment made (for 0% to 80% of the car price), interest rate per annum (from 5% to 20%, can be fractional up to 2 decimal places), and the number of months of amortization (12, 24, 36, 48 or 60).

C++ for Engineers and Scientists

4th Edition

ISBN:9781133187844

Author:Bronson, Gary J.

Publisher:Bronson, Gary J.

Chapter4: Selection Structures

Section4.3: Nested If Statements

Problem 7E

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Concept explainers

Operations

In mathematics and computer science, an operation is an event that is carried out to satisfy a given task. Basic operations of a computer system are input, processing, output, storage, and control.

Basic Operators

An operator is a symbol that indicates an operation to be performed. We are familiar with operators in mathematics; operators used in computer programming are—in many ways—similar to mathematical operators.

Division Operator

We all learnt about division—and the division operator—in school. You probably know of both these symbols as representing division:

Modulus Operator

Modulus can be represented either as (mod or modulo) in computing operation. Modulus comes under arithmetic operations. Any number or variable which produces absolute value is modulus functionality. Magnitude of any function is totally changed by modulo operator as it changes even negative value to positive.

Operators

In the realm of programming, operators refer to the symbols that perform some function. They are tasked with instructing the compiler on the type of action that needs to be performed on the values passed as operands. Operators can be used in mathematical formulas and equations. In programming languages like Python, C, and Java, a variety of operators are defined.

Question

Write a C program that will calculate the total payment for a brand new car being purchased on installment. The user will input the car price, amount of downpayment made (for 0% to 80% of the car price), interest rate per annum (from 5% to 20%, can be fractional up to 2 decimal places), and the number of months of amortization (12, 24, 36, 48 or 60). Show a summary of the details inputted by the user together with the amount to be financed and the monthly amortization cost. Dispaly a running tally per month of the number of months paid, the total amortization paid (in pesos), and the total running cost of the car. Please provide comments if possible so that i could follow your code easily :)

Process by which instructions are given to a computer, software program, or application using code.

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