Writing application to accept loan amount-interest rate

Assignment Help Programming Languages

Reference no: EM1346086

Q1) The monthly payments for a given loan are divided into amounts that apply to the principal and to the interest. For example, if you make a monthly payment of $500, only a portion of the $500 goes to the principal and the remainder is the interest payment. The monthly interest is computed by multiplying the monthly interest rate and the unpaid balance. The monthly payment minus the monthly interest is the amount applied to the principal. The following table is the sample loan payment schedule for a one-year loan of $5,000 with a 12 percent annual interest rate. Write down the application to accept a loan amount, annual interest rate, and loan period (in number of years) and displays a table with five columns: payment number, the interest and principal paid for that month, the remaining balance after the payment, and the total interest paid to date. Note: The last payment is generally different from the monthly payment, and your application should print out the correct amount for the last payment. Use the Format class to align the output values neatly.

Reference no: EM1346086

Questions Cloud

Calculate expected claim cost per policy : An insurer trade a very large amount of policies to people with the following loss distribution: $100,000 with probability 0.005;

What is the complete work on the crate : A factory worker pushes a 30kg crate a distance of 4.50 meters along a level floor at constant velocity by pushing it downward at an angle of 30degrees below the horizontal. The coefficient of kinetic friction between the crate and the floor is 0...

Examine firm success based on internet communication : Examine Firm Success Based on Internet Communication - On the basis of the discussion in the personal selling section about problems with internet communication

Calculate the future value of stock : A share of stock sells for 53 dollar today. The beta of the stock 1.2, & expected return on the market is 12 percent. The stock is expected to pay a dividend of 1.10 dollar in one year.

Writing application to accept loan amount-interest rate : Write down the application to accept a loan amount, annual interest rate, and loan period (in number of years) and displays a table with five columns.

Explain what is the short-run condition for the monopolist : EXplain what is the short-run condition for the monopolist and what output changes would you recommend.

Managing foreign exchange risk and pitfalls : Why're there gains from international diversification without hedging exchange-rate risk even by exchange rates contribute the substantial proportion of entire risk?

Important ways a pm can gather and analyze information : Show some of the important ways a PM can gather and analyze information and describe the value of informal communication methods when conducting and running a project

What is the variation in internal energy of thegas : An ideal gas is expanded isothermally from 20L to 30L. During thismethod , 6J of energy is expended by the external mechanism that expanded the gas. Which of the statements is correct.

User Account

All Pages