C++ Programming: From Problem Analysis to Program Design
C++ Programming: From Problem Analysis to Program Design
8th Edition
ISBN: 9781337102087
Author: D. S. Malik
Publisher: Cengage Learning
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Chapter 5, Problem 20PE

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 month’s 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 month’s 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.)

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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 month’s interest on $1,000 is 1000 X 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 X 0.006 = 5.886, that is,…
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 month’s interest on $1,000 is 1000 X 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 X 0.006 = 5.886, that is, approximately…
A company has several employees, all with different names, who perform interviews with job applicants (one applicant is interviewed by one employee). The job applicants also have different names. The interviewer makes appointments for interviews with the applicants. Each applicant may be interviewed at several occasions, possibly by different interviewers, but in that case the interviews take place during different days. The company has special interview rooms. Each interviewer uses the same room for all interviews during a day. A room may, however, be used by different interviewers during a day, as long as the interviews don't collide in time. The reservation of interview appointments is to be computerized. The database devel- oper has decided to use a single relation for all data, with the following schema: Interviews(interviewer, applicant, day, time, room) a) From the text, find functional dependencies in the relation. b) Find the keys of the relation. c) Show that the relation is…
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