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- Jan 1, 1970
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I am currently taking Intro to C++. Can someone help me out with this program. Please if you do, can you give me some helpful advice. Also I am a begginner so if you talk about looping, or non-begginner C++ language I will be totally clueless.
Problem: I took out a loan, with an annual interest rate of 9%. I will make 36 monthly payments of $165.25 each. I want to keep track of the remaining balance I owe after each monthly payment.
domv1978 (Visitor) Jan 25, 2002
I have started the basic C++ program. One of my assignments is to write a program to calculate and pring the balance remaining after the first, second, and third monthly payment. The balance is a formula that I am having trouble putting into a simple C++ language.
This is the formula:
bal k = pmt [1 - (1 + i) k-n]/i
bal k = is the balance remaining after the kth payment k
k = is the payment number (1, 2, 3, ...)
pmt = amount of the monthly payment
i = interest rate per month
n = total number of payments to be made
In the (bal k) the k is an exponent on the lower right hand of the bal. So in the book it shows bal, with a miniture k on the lower right hand of it.
Also the (k - n), within the formula, is an exponent of
(1 + i). How can I display the formula with the exponents beside them.
I think in the (bal k) it is suppose to display the balance and attached with a miniature (payment number) on the lower right hand of bal. I know this is probably confusing, if you do know what I am talking about, please remember I am a begginner in the application of C++. If you can, please teach me how and why you received the answer that you did. Thank you for your time.
Problem: I took out a loan, with an annual interest rate of 9%. I will make 36 monthly payments of $165.25 each. I want to keep track of the remaining balance I owe after each monthly payment.
domv1978 (Visitor) Jan 25, 2002
I have started the basic C++ program. One of my assignments is to write a program to calculate and pring the balance remaining after the first, second, and third monthly payment. The balance is a formula that I am having trouble putting into a simple C++ language.
This is the formula:
bal k = pmt [1 - (1 + i) k-n]/i
bal k = is the balance remaining after the kth payment k
k = is the payment number (1, 2, 3, ...)
pmt = amount of the monthly payment
i = interest rate per month
n = total number of payments to be made
In the (bal k) the k is an exponent on the lower right hand of the bal. So in the book it shows bal, with a miniture k on the lower right hand of it.
Also the (k - n), within the formula, is an exponent of
(1 + i). How can I display the formula with the exponents beside them.
I think in the (bal k) it is suppose to display the balance and attached with a miniature (payment number) on the lower right hand of bal. I know this is probably confusing, if you do know what I am talking about, please remember I am a begginner in the application of C++. If you can, please teach me how and why you received the answer that you did. Thank you for your time.