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You have just purchased a stereo system that cost $1,000 on the following credit plan: no down payment, an interest rate of 18% per year (and hence 1.5% per month), and monthly payments of $50. The monthly payment of $50 is used to pay the interest and whatever is left is used to pay part of the remaining debt. Hence, the first month you pay 1.5% of $1,000 in interest. That is $15 in interest. So, the remaining $35 is deducted from your debt, which leaves you with a debt of $965.00. The next month you pay interest of 1.5% of $965.00, which is $14.48. Hence, you can deduct $35.52 (which is $50 – $14.48) from the amount you owe. Write a
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- The United States federal personal income tax is calculated based on filing status and taxable income. There are four filing statuses: single filers, married filing jointly, married filing separately, and head of household. The tax rates vary every year. Table 4.2 shows the rates for 2009. If you are, say, single with a taxable income of $10,000, the first $8,350 is taxed at 10% and the other $1,650 is taxed at 15%. So, your tax is $1,082.50. TABLE 4.2 2009 U.S. Federal Personal Tax Rates Marginal Tax Rate 10% 15% 25% 28% 33% 35% Single $0-$8,350 $8,351-$33.950 $33,951-$82,250 $82,251 - $171,550 $171,551-$372,950 $372,951+ Married Filing Jointly $0-$16,700 $16,701-$67,900 $67.901-$137,050 $137,051 - $208,850 $208,851-$372,950 $372,951+ Married Filing Separately $0-$8,350 $8,351-$33,950 $33,951 - $68,525 $68,526-$104,425 $104,426-$186,475 $186,476+ Head of Household $0-$11,950 $11,951-$45,500 $45,501-$117,450 $117.451-$190,200 $190,201-$372,950 $372.951+ You are to write a program to…arrow_forwardCraps is a single player dice game, that proceeds as follows:1. the player rolls 2 six-sided dice once if the total is 7 or 11, the player wins if the total is 2, 3 or 12, the player loses otherwise, the game continues, ... see 2 ... 2. the player the continues to roll the dice repeatedly, until ... the total is the same as the original total (from 1), in which case the player wins the total is 7, in which case the player loses Write a function craps using Python that simulates a single game of craps (may be many rolls) and returns 1 if the player wins and 0 otherwise. Sample results examples: >> import random>>> random.seed(0)>>> craps()0 >>> random.seed(1)>>> craps()1 >>> random.seed(2)>>> craps()0 >>> [ (i,random.seed(i),craps()) for i in range(20)][(0, None, 0), (1, None, 1), (2, None, 0), (3, None, 1), (4, None, 0), (5, None,1), (6, None, 0), (7, None, 1), (8, None, 0), (9, None, 0), (10,…arrow_forwardSuppose you are a computer salesman and your income depend on the total sales and commissions earned for the computers that you sell. Commission rates vary depending on how many units you sold (see chart below). Your income equals to the total sales plus the commission where the commission equals to total sales times the commission rate. That is, commission = total sales * commission rate and income = total sales + commission. Total Sales Commission rate % Less than 200 sold 8% Greater or equal to 200 sold 10% Greater than to 400 sold 12% 1. Provide the user the commission rate list above. 2. After displaying the list, prompt the user to input the total sales. 3. Display the total income. Input: The input to your program will be from the keyboard (using Scanner). Output: The output of your program should be to the screen and include the correct answers. Run: Run it three times to be sure all possible values of the if logic works correctly.arrow_forward
- You have just started a sales job in adepartment store. Your pay consists of a base salary and a commission. The base salaryis $5,000. The scheme shown below is used to determine the commission rate. Note that this is a graduated rate. The rate for the first $5,000 is at 6%, the next$5000 is at 8%, and the rest is at 10%. If your sales amounts to $25,000, the commissionis 5,000 * 6% + 5,000 * 8% + 15,000 * 10% = 2,200. Your goal is toearn $30,000 a year. Write a program to find the minimum sales you have to generatein order to make $30,000.arrow_forwardWrite the pseudocode for the following scenario: A manager at a 2nd hand car dealership wants to keep track of the amount (in Rands) of commission paid to the sales people. You must take the following into consideration: • There may be more than one salesperson (each salesperson has a unique employee code)– input the employee code. An employee code of zero (0) terminates the program. • The salesperson’s commission is based on their sales (in Rands) in the past month- input the sales for each salesperson. • Calculate the total car sales (in Rands). • Calculate a salesperson’s commission (in Rands). Commission is based on the following table: Total value of cars sold Percentage commission earned Less than or equal to R500 000 10% More than R500 000 15% • Calculate the total commission the manager must pay to all of the salespeople. • Display a report for the manager in the following format: Employee Code: 2 Sales: R400000 Commission: R40000 Employee Code: 4 Sales: R650000…arrow_forwardSuppose you have a certain amount of money in a savings account that earns compoundmonthly interest, and you want to calculate the amount that you will have after a specificnumber of months. The formula is as follows: F=P×(1+i)tF=P×(1+i)t The terms in the formula are: • F is the future value of the account after the specified time period.• P is the present value of the account.• i is the monthly interest rate.• t is the number of months.• F is the future value of the account after the specified time period.• P is the present value of the account.• i is the monthly interest rate.• t is the number of months. $$ Write a program that prompts the user to enter the account’s present value, monthly interest rate, and the number of months that the money will be left in the account. The program should pass these values to a function that returns the future value of the account, after the specified number of months. The program should display the account’s future value.arrow_forward
- 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…arrow_forwardA hotel has a certain number of rooms. Each room can be either single bed or double bed type and may be AC or non-AC type. The rooms have different rates depending on whether they are of single or double, AC or Non-AC types. The room tariff however may vary during different parts of the year depending up on the occupancy rate. For this, the computer should be able to display the average occupancy rate for a given month, so that the manager can revise the room tariff for the next month either upwards or downwards by a certain percentage. Perform structured analysis and structured design for this Hotel Automation Software—software that would automate the book keeping activities of a 5-star hotel.Guests can reserve rooms in advance or can reserve rooms on the spot depending upon availability of rooms. The receptionist would enter data pertaining to guests such as their arrival time, advance paid, approximate duration of stay, and the type of the room required. Depending on this data and…arrow_forward(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:arrow_forward
- C++ Programming: From Problem Analysis to Program...Computer ScienceISBN:9781337102087Author:D. S. MalikPublisher:Cengage LearningC++ for Engineers and ScientistsComputer ScienceISBN:9781133187844Author:Bronson, Gary J.Publisher:Course Technology Ptr