Question: Hello! I am expected to write an Amoritization Schedule to display: Payment Number, Interest, Principal, and Balance. I do not know how to proceed with

Hello! I am expected to write an Amoritization Schedule to display: Payment Number, Interest, Principal, and Balance. I do not know how to proceed with my code below. Please help me! An example of what the output should look like is listed below as well. Thank You!

CODE:

#include #include using namespace std;

int main() { double intPercent, monthPay, intRate, totalIntAmt, totalPayoff, originalBal, currentBal, monthIntRate, monthInt, monthPrincipal, monthBal, numberPay; int loanAmt, loanYears;

cout

{ int choice; bool menu = true; while (menu != false) { cout > choice;

switch (choice) { case 1: cout > loanAmt; cout > intPercent; cout > loanYears; cout

case 2: cout

cout > Q1; cout

cout > Q2; cout

cout > Q3; cout

cout > Q4; cout

cout > Q5; cout

cout > Q6; cout

cout > Q7; cout > currentBal; monthBal = currentBal - monthPay; // Calculation for the Monthly Loan Balance cout

case 3: cout

case 4: cout

default: cout > choice; break; }

} return 0; }

}

OUTPUT:

Hello! I am expected to write an Amoritization Schedule to display: Payment

Term: 6 Monthly Payment:171.069 Payment No Interest Principal 7.5 6.27 5.04 3.79 2.54 1.27 163.57 164.8 166.03 167.28 168.53 169.8 Balance 836.43 671.63 505.6 338. 32 169.79 6 0.01 Sample output File: out.txt: out.tt Notepacd Eile Edit Format View Help Loan Amount: 1000 APR:9 Term: 6 Monthly Payment: 171.069 Payment No Interest Principa Balance 7.5 6.27 .04 3.79 2.54 1.27 164.8 166.03 167.28 168.53 169.8 836.43 671.63 05.6 338.32 169.79 0.01 Ln 12, Col 44

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!