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you should have at least one loop and you need to only display so many results b

ID: 3632461 • Letter: Y

Question

you should have at least one loop and you need to only display so many results before sticking in a pause: submit pseudocode and flowchart plus cpp

financial application: comparing loan with various interest rate write a program that let the user enter the loan amount and loan period in number of years and displays the monthly and total payments for each interest rate starting from 5% to 8% with an increment of 1/8 here is a sample run:
loan Amount: 10000 enter
Number of Years: 5 enter

Interest rate Monthly payment Total Payment
5% 188.71 11322.74
5.125% 189.28 11357.13
5.26% 189.85 11391.59
........
7.85% 202.16 12129.97
8.0% 202.76 12165.83

Explanation / Answer

please rate - thanks


#include <iostream>
#include<cmath>
#include <iomanip>
using namespace std;
int main()
{double loan,month,total,rate,monthpay;
int years;
cout<<"Enter Loan amount: ";
cin>>loan;
cout<<"Enter number of years: ";
cin>>years;
total=0;
rate=5;
cout<<"Interest rate     monthlypayment    Total Payment ";
while(rate<=8)           //do until rate > need
    { month=rate/12./100.;
   monthpay=loan*month/(1-(pow(1/(1+month),years*12)));
   total=monthpay*years*12;  
   cout<<fixed<<setprecision(3)<<"        "<<rate<<"%      "<<fixed<<setprecision(2)
           <<monthpay<<"             "<<total<<endl;
     rate+=.125;         //increment rate
      }
system("pause");
return 0;      
}