Question

In C. Thank you!

Bank

Write a program to calculate the monthly payment on a loan given the loan amount, interest rate and the number of years to pay off the loan. Then add a function to print an amortization schedule for that loan. Create a class to save the current balance and the rest of the data as private data. Add member functions to make a payment and to print the amortization report.

Use the following class header. Class Loan Data private: double Bal; double n; double i; double A; public: Loan Data (double p, double n, double i); void Make Payment (double a); void PrintAmortization Schedule(); void Print PayoffTimeReport(); The Constructor member function Thea header is: Loan Data(double p, double n, double i); Where p = loan amount, n=number of years to pay off the loan, and i== yearly interest rate as a percent (like 6 for 6%). The body of the constructor will do the following: 1. Make the interest into a fraction by dividing i by 100. 2. Make the interest monthly by dividing i by 12; 3. Compute the number of months to pay off the loan by multiplying n by 12. 4. Compute the monthly payment, A, using the formula; (1.)" 5. Save the balance p in Bal.

Answer 1

This the code of your problem. Constructor is not use in C programming.

class LoanData

{

private:

daouble Bal;

double n;

double i;

double A;

public:

LoanData{double p,double n,double i)

{

i=(i/(100*12));

n=n*2;

A=p*(i*(pow((1+i),n)))/(pow(1+i,n)-1);

Bal=p;

}

void MakePayment(double a);

void PrintAmortizationSchedule();

void PrintPayOffTimeReport();

}

void LoanData::MakePayment(double a)

{

Bal=Bal-a*A;

}

void LoanData::PrintAmortizationSchedule()

{

cout<<"Current Balance"<<Bal;

}

void main()

{

double p,n,i;

cout<<"Enter p";

cin>>p;

cout<<"Enter n"

cin>>n;

cout<<"Enter i";

cin>>i;

LoanData L(p,n,i);

L.MakePayment(n);

L.PrintAmortizationSchedule();

}

Note : If feel free to revert back if any thing you want to know.

thank u