C++ :: Interactive Loan Calculator For School Project

Jun 6, 2014

I'm trying to build an interactive loan calculator for a school project. These are the requirements:

Your program should do the following:
•Display a Welcome title for the Loan Calculator
•Prompt the user to enter the price of the car
•Prompt the user to enter the length of the term in months
•Prompt the user to enter the APR in percentage (e.g. 4.79%) - without the percent sign of course

Your program should then report with the monthly payment will be.

Use setw() and setfill() to display the content like a receipt. All the data should be neatly displayed.

Example

For a Friend Loan Calculator

Price of Vehicle: $25,000
Term of Loan (in months): 60
APR in percentage (e.g. 4.79% - without the percent sign): 3.8
--------------------------------------------------------------
Total Monthly Payments: $433.50 //NOT ACCURATE

Display all money totals (output values) to two decimal places. You should output an accurate result as well.

For extra credit you may factor in a state auto sales tax of 6.5% of the purchase price of the vehicle and how much of a down payment the user would like to put down. Of course, if you are factor down payment, you must prompt the user to enter that amount.

I attempted to build one but I'm getting a lot of errors using Microsoft visual studio. Here it is below:

Interactive Loan Calculator

#include <iostream>
#include <cmath>
#include <ctime>
#include <cstdlib>
using namespace std;

int num1,
num2,
response,

[Code] .....

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I am doing a school project. The project basically is that it records the in and out time of an employee(of an particular company).The employee while checking in or out should enter a unique key generated specially for him so that no one else can check in and out for him.Then referring to the employees position( A worker or a manager or something like that) his total working time each day , for a week and a month is calculated. The company starts at 8 am and ends at 5 pm for 1st shift and for second shift from 3.30 pm to 2.30 am. Plus Saturday and Sunday off. Then after a month the program refers to the working time date stored in a file and calculates his pay(For workers its per hour salary and for managers it aint).

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Code:
void main( ) {
clrscr();
char dateStr [9],timeStr [9];
_strdate( dateStr);
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[Code] ....

I think the second one is better as it not only gives me date but also gives me the day so i can check easily for the weekends. So, how these time functions work.

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Write an interactive text based menu interface (using a loop) that will allow the user to

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This is my code so far:

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int main()
{
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[Code]....

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so i am just hitting writers block on this one... its lengthy and i am very little into it...

The program takes 4 entered values (total loan, apr, monthly payment, and length of loan).

It is to put out a table that gives the new loan balance each month and the total interest payed at the bottom.

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May 18, 2013

Write a program to calculate the Loan Balance, where a person borrows an amount A and in return he/she agrees to make N payments per year, each of amount P. While the person is repaying the loan, interest will accumulate at an annual percentage rate of R, and this interest will be compounded N times a year (along with each payment). Therefore, the person must continue paying these installments of amount P until the original amount and any accumulated interest is repaid.

NOTE: The formula to calculate the amount that the person needs to repay after T years is-

Balance Amount after T years = A[(1+R/N)^NT]-P
-----------------------------------------------------------

I have a few doubts :

1. I think that the "balance amount" formula can directly give the "loan balance" for the person. I'm not sure if it's correct but in that case the question would serve no purpose. Maybe I'm wrong.

2. If there should be a loop to calculate the loan balance, what condition should I give and which loop will be better to use?

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I have a problem requiring me to :
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double loan, interest, length, payment,ti;
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[Code] .....

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Here is my code for the first window:

;
namespace WindowsFormsApplication1
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[code].....

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Jan 25, 2013

Your objective is to write a program that calculates the simple interest for a given loan amount and duration (in years).

Formula:

Simple interest = loan amount X interest rate X number of years
Assume interest rate is a constant 6% per year.

Specifically, your program will:
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2. Prompt and read any customer’s first name, middle initial, and last name individually
3. Prompt and read the principal/loan amount
4. Prompt and read the duration of the loan in years
5. Calculate the interest
6. Output:
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b. Principal/loan amount
c. Duration of loan
d. Interest rate
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OK SO THIS IS MY PROGRAM SO FAR. As you can see i got it all but i am so confused with as to for loan amount and duration of year, if i should use float or double to declare it?

i need to finish this assignment by calculating the simple interest and i dont know how or where to begin.

int main(){
system("color f0");
string firstName;
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[Code]...

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Code:

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