The LENDER Bank, COBOL Programming

Assignment Help:
The LENDER Bank offers mortgages on homes valued up to $500,000. The required down payment is calculated as follows:

4% of the first $60,000 borrowed
8% of the next $30,000 borrowed
10% of the rest

The amount borrowed cannot exceed 50% of the value of the house.

Write a program (interactive processing) to accept input from a keyboard that specifies for each borrower the amount that he or she wishes to borrow along with the price at which the house is valued. Based on the data entered, display the following:

1. A message that indicates if the amount the user wishes to borrow is acceptable (no more than 50% of the value).

2. The required down payment if the amount to be borrowed is acceptable.

The student must provide an MS Word document or Adobe PDF containing the pseudocode for the program.

*I have the COBOL source codes to work with but don''t see the option to attach through here. Please advise.

Related Discussions:- The LENDER Bank

Use of evaluate statement, Evaluate is like a case statement & Evaluate  s...

Evaluate is like a case statement & Evaluate  stamenet can be used to replace nested Ifs. The difference b/w EVALUATE and case is that there is no 'break' is required for EVALUATE

Point location - picture clause, Point Location: The position of the d...

Point Location: The position of the decimal point is the other characteristic which can be specified in the case of the numeric data items. If the position is not specified, t

If- else statement - cobol programming, IF ... ELSE STATEMENT: We are ...

IF ... ELSE STATEMENT: We are familiar with an easy form of the IF statement. The common form of the IF statement is as shown below: Each of the statement-1 and statem

Literals - cobol program, Literals: The actual values can too appear i...

Literals: The actual values can too appear in a program. These values are termed as literals. For illustration, the statement MOVE 0 TO TOTAL indicates that the value zero wil

Level numbers - cobol programming, LEVEL NUMBERS: The COBOL makes use ...

LEVEL NUMBERS: The COBOL makes use of the level number concept to explain the hierarchical data structure. A level number is a 2 digit number. The permitted level numbers a

Example of level numbers - cobol programming, Example of Level numbers - co...

Example of Level numbers - cobol programming: To explain the hierarchical structure introduced above, the concept of the level number is employed in COBOL. The most broad

Program for add corresponding, PROGRAM FOR ADD CORRESPONDING: We have ...

PROGRAM FOR ADD CORRESPONDING: We have to write a simple program to demonstrate Add Corresponding.   identification division.   program- id.   environment division.

Declarative and file status clause, DECLARATIVE and FILE STATUS Clause: ...

DECLARATIVE and FILE STATUS Clause: The input-output exception condition in the situation of a direct access files can be handled by a declarative procedure in a manner simila

Write Your Message!

Captcha
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