Determine the monthly payment for a loan

Assignment Help Basic Computer Science
Reference no: EM13210075

Write a program to determine the monthly payment for a loan where the annual interest rate, the amount of the loan, and the number of years are entered as input. The formula for computing the monthly payment is given as follows: P = L* [r(1 + r)n / ((1 + r)n - 1) ] where P = monthly payment L = amount of the loan r = monthly interest rate n = number of payments.

Reference no: EM13210075

Questions Cloud

Write a program that reads three integers and print : Write a program that reads three integers and print "In order" if they are sorted in ascending order or descending order, or "not in order" otherwise. For example: 1 2 5 in order 1 5 2 not in order 5 2 1 in order 1 2 2 in order 5 1 2 not in order.
How much output is being forgone coz of cyclical unemploymen : Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 13 percent. Use Okun's law to determine the size of the GDP gap in percentage-point terms.
By what percentage would your real income increase : If your nominal income rose by 5.30 percent and the price level rose by 4.30 percent in some year, by what percentage would your real income (approximately) increase If your nominal income rose by 2.80 percent and your real income rose by 1.00 perc..
Write an expression that divides distance : Given two integer variables distance and speed , write an expression that divides distance by speed using floating point arithmetic, i.e. a fractional result should be produced.
Determine the monthly payment for a loan : Write a program to determine the monthly payment for a loan where the annual interest rate, the amount of the loan, and the number of years are entered as input.
State changing the volume of the solution : A solution is 0.034M in Na2SO4 and 0.035M in Na2CrO4. Solid Pb(NO3)2 is added without changing the volume of the solution. A. Which salt will precipitate first?
Determine the mean chlorine concentration : (c) Probability that the chlorine concentration will exceed 0.80 ppm (d) Probability that the chlorine concentration will be under 0.85 ppm (e) Probability that the chlorine concentration will be between 0.80 ppm and 0.90 ppm
Impose moral standards on powerful institutions : Safeguarding the rights of others is the most noble and beautiful end of a human being and Quietis peace. Tranquility. Quiet is turning down the volume knob on life. Silence is pushing the off button. Shutting it down. All of it"
Identify performance bottlenecks in a particular system : Windows Experience Index, under Windows Vista/7, is a summary index designed to measure the overall performance of a system. You can use it to compare systems and identify performance bottlenecks in a particular system. Discuss its base score conc..

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Accordance to the recommendations

Write a report in accordance to the recommendations of the links on the study desk. The word-count limit for the introduction, body and conclusion of this report is set at about 3000 words

  Explaining project manager-s role in project management

Describe in scholarly detail project manager's role in project management and job responsibilities related with position.

  An ability to utilise

An ability to utilise sources such as the Internet and University library facilities to search, locate and summarise data relevant to the assignment

  Three major information security threats

Write a 1,000- to 1,500-word essay on at least three major information security threats that a specific organization you choose faces today.

  Derive taylor polynomials of degree

Derive taylor's polynomials of degree n for: f(x) = (1+x)^(1/2) and f(x) = cos x. Find the approximate value of above functions at x = pi/4 by hand calculator upto two decimal points. Show steps.

  Interactive java program that asks a user for some interest

Create an interactive Java program that asks a user for some text of interest and then displays the first email address found in that text. (This is the basis for one of the programs that spammers use to mine text, such as email messages, Web pages, ..

  What are the drawbacks of your changes?

Describe what changes could be made to an operating to break the conditions of non-preemption and hold and wait for deadlock prevention. What are the drawbacks of your changes?

  What type of hardware is needed to support t-1 connection

What kind of hardware is needed to support a T-1 connection to your business? You want to write a song and apply a digital signature to it, so that you can later prove that it is your song.

  What are two possible ways to achieve this goal

You need to relocate the existing user and computer objects in your company to different organizational units. What are two possible ways to achieve this goal? (Note: not the two "options" in the book.)

  What is the address of entry in third row

what is the address of the entry in the third row and fourth column? What if each entry requires two memory cells?

  How asymptotic notation can be used to rank the efficiency

To illustrate how asymptotic notation can be used to rank the efficiency of algorithms, use the relations "Ì" and "=" to put the orders of the following functions into a sequence, where e is an arbitrary real constant, 0

  A priority encoder has 2^n inputs

A priority encoder has 2^n inputs. It produces an N-bit binary output indiciating the most significant bit of the input that is TRUE, or 0 if none of the inputs are TRUE

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd