Determine the monthly payment on a car loan

Assignment Help HR Management

Reference no: EM13723301

Acme Bank is developing a Car Loan Calculator mobile app to help customers determine the monthly payment on a car loan. The Car Loan Calculator has the following functional requirements:

FR-01: The calculator allows the user to enter values for the amount financed, the interest rate, and the term of the loan in years.

FR-02: A valid entry for amount financed must be greater than or equal to $1,000 and less than or equal to $100,000.

FR-03: A valid entry for interest rate must be greater than or equal to 2.00% and less than or equal to 10.00%.

FR-04: A valid entry for the loan term must be three, four, five, or six years.

FR-05: If all values entered are valid, the calculator computes and displays the monthly payment amount for the loan, based on the values entered by the user. The calculation uses the standard fixed-rate loan amortization formula and assumes that payments are made at the end of each month.

FR-06: If any value entered is not valid, the calculator displays an error message indicating the invalid entry and the allowable range of values for that entry.

FR-07: The calculator provides a link to the Acme Bank website.

What are some test cases that would check whether the Car Loan Calculator satisfies these requirements? Describe a test case, including the steps to be performed, the expected results, and listing the requirement(s) being tested.

Reference no: EM13723301

Questions Cloud

Define a global view of ethics : Ethics theorists are divided into those who take a global view of ethics and those who take a personal view. Think about your role as an administrator. Will you use any of these theorists in making decisions. Which ones will be the most helpful. W..

Benefit of performing type of test : There are many different types of tests that can be applied to an information system. Pick one type of test and explain it. How is the test performed and what does it tell you about the system? What is the benefit of performing this type of test?

Evaluate the pricing strategy of the product : The objective of this assignment is to go beyond theory to provide you with the necessary tools to apply the marketing concepts presented during the weekto your consumer experience or to your organization or the industry in which it operates. Eval..

Why did the americans succeed in building the panama canal : Why was the Herring Buss an important innovation during the Dutch Golden Age, and how did it compare to Tulip Mania? Why did the Americans succeed in building the Panama Canal, where the French had failed?

Determine the monthly payment on a car loan : Acme Bank is developing a Car Loan Calculator mobile app to help customers determine the monthly payment on a car loan. The Car Loan Calculator has the following functional requirements:

Pieces of information is contained within an ip address : What two pieces of information is contained within an IP address? How does the computer tell the difference between these two parts?

Paper about coaching within organizations : Write a research paper about coaching within organizations. In addition to coaching, what other aspects do you think are necessary for an organization to have an effective performance management system? Why? Conduct research into several different..

Research update for specific information : Upon completion of the Required Readings, write a thorough, well-planned narrative answer to each of the following discussion questions. Rely on your Required Readings and the Lecture and Research Update for specific information to answer each dis..

Types of leader power : Discuss how each of the five (5) types of leader power impact and/or motivate followers. Which of the five types of leader power fall into the category of position power, and which fall into the category of personal power?

User Account

All Pages