Program that reads the amount of a monthly mortgage payment

Assignment Help Basic Computer Science

Reference no: EM131338142

Write a program that reads the amount of a monthly mortgage payment and the amount still owed-the outstanding balance-and then displays the amount of the payment that goes to interest and the amount that goes to principal the amount that goes to reducing the debt). Assume that the annual interest rate is 7.49 percent. Use a named constant for the inter-est rate. Note that payments are made monthly, so the interest is only one twelfth of the annual interest of 7.49 percent.

Reference no: EM131338142

Questions Cloud

Display the new string and its length on a third line : Write a program that uses Scanneno read two strings from the keyboard. Display each string along with its length, on two separate lines. Then cre-ate a new string by joining the two strings, separated by a blank. Display the new string and its len..

Review toavs ideas of governance timeline : you will analyze the influence of seminal thinkers and events on public policy and administration concepts and processes. Dwight Toavs' Timeline on Ideas of Governance is designed to "foster an appreciation of the evolution and development of idea..

Dividend is expected to grow at a rate : Stock ABC just paid a $ 1 dividend yesterday. The dividend is expected to grow at a rate of 25% for the next 3 years when the required return is 15%. After that, from year 4 and thereafter (forever), the expected dividend growth rate will be 5% and t..

Complete and submit the university of phoenix material : Comm 102- Complete and Submit the University of Phoenix Material: Source Evaluation Matrix for two sources that you will use.

Program that reads the amount of a monthly mortgage payment : Assume that the annual interest rate is 7.49 percent. Use a named constant for the inter-est rate. Note that payments are made monthly, so the interest is only one twelfth of the annual interest of 7.49 percent.

Capital structure-what is the cost of external equity : Southern Corporation has a capital structure of 40% debt and 60% common equity. This capital structure is expected not to change. The firm's tax rate is 34%. The firm can issue the following securities to finance capital investments: What is the cost..

Fundamental factors that affect the cost of money : What are the four fundamental factors that affect the cost of money? What are some economic conditions that influence interest rates? Include examples of how these economic conditions affect interest rates.

Identify factors that are impacting their business model : Identify factors that are impacting their business model and take a stance on whether these factors signal imminent doom or new growth opportunities.

What is the current share price-growth rate in dividends : Bayou Okra Farms just paid a dividend of $3.70 on its stock. The growth rate in dividends is expected to be a constant 7 percent per year indefinitely. Investors require a return of 16 percent for the first three years, a return of 14 percent for the..

User Account

All Pages