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- Download: http://solutionzip.com/downloads/paymentschedule-cpp/
- Write a C++ program to output the payment schedule for amount owed when each month
- nothing more is charged to the account but only the minimum payment is paid. The output
- stops when the balance is fully paid (i.e. no longer > 0).
- Input:
- Data must be done in a separate function. Input the following: credit card balance, interest rate
- on your credit card, and percent of minimum payment. Test data: 624 24, 4
- Data must be read from a file called lab6.txt .
- Calculate: This function must be called from main() from within the loop.
- For each month, calculate the amount of interest to be paid that month (adding this into
- balance before calculating minimum payment), total of interest paid, amount of minimum
- payment due for the month, and updating new balance.
- If the minimum payment is less than $15.00 then set it at $15.00
- Output: This function must be called from main() from within the loop.
- There needs to be a separate function to output the table heading. Also output the information
- input from the file.
- There needs to be a separate function to output month, balance at the end of the month, interest
- paid that month, minimum payment for that month, and the sum of amount of interest paid so
- far.
- All output must be redirected to a file. (See b http://www.bankrate.com/calculators/managingdebt/minimum-payment-calculator.aspx)
- Sample output:
- Balance Owing: $ 624.00
- APR as % 24
- Percent for minimum payment as % 4
- Month Balance Interest Minimum Sum of
- this month interest paid
- 1 611.02 12.48 25.46 12.48
- 2 598.31 12.22 24.93 24.70
- 3 585.87 11.97 24.41 36.67
- 4 573.68 11.72 23.90 48.38
- . . .
- 57 31.80 0.92 15.00 388.14
- 58 17.44 0.64 15.00 388.78
- 59 2.79 0.35 15.00 389.13
- 60 0.00 0.06 2.84 389.18
- Press any key to continue . . .
- Check points:
- ? Absolutely no arrays
- ? Each function needs as comments Purpose, Pre & Post.
- ? Pass by reference only when you must.
- ? Your name must be as comment at the top of the source code and output to the file
- within your code.
- ? Must have a minimum of six meaningful comments in main.
- Download: http://solutionzip.com/downloads/paymentschedule-cpp/
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