COSC 1315 Fundamentals of Programming

COSC 1315 - Fundamentals of Programming
Allan Kochis
Programming Assignment 7

Using the IPO from Programming Assignment 6, implement a C++ program to produce a loan repayment schedule. like this with yearly totals:
What is the principle? : 4000
How many years? : 3
What is the annual interest rate? : 6.5
What is the starting Month for payments (1-12) : 3
What is the Starting Year : 2005
The monthly payment is : 122.60
Total repayment is     : 4413.46
Total Interest is      : 413.46


Repayment schedule
          Payment         Applied   Applied to
   Date   Number  Payment Interest  Principle Balance
 3/2005       1  122.60     21.67    100.93   3899.07
 4/2005       2  122.60     21.12    101.48   3797.59
 5/2005       3  122.60     20.57    102.03   3695.57
 6/2005       4  122.60     20.02    102.58   3592.99
 7/2005       5  122.60     19.46    103.13   3489.86
 8/2005       6  122.60     18.90    103.69   3386.16
 9/2005       7  122.60     18.34    104.25   3281.91
10/2005       8  122.60     17.78    104.82   3177.09
11/2005       9  122.60     17.21    105.39   3071.70
12/2005      10  122.60     16.64    105.96   2965.75
  Total         1225.96    191.71   1034.25

 1/2006      11  122.60     16.06    106.53   2859.21
 2/2006      12  122.60     15.49    107.11   2752.11
 3/2006      13  122.60     14.91    107.69   2644.42
 4/2006      14  122.60     14.32    108.27   2536.15
 5/2006      15  122.60     13.74    108.86   2427.29
 6/2006      16  122.60     13.15    109.45   2317.84
 7/2006      17  122.60     12.55    110.04   2207.80
 8/2006      18  122.60     11.96    110.64   2097.16
 9/2006      19  122.60     11.36    111.24   1985.92
10/2006      20  122.60     10.76    111.84   1874.08
11/2006      21  122.60     10.15    112.44   1761.64
12/2006      22  122.60      9.54    113.05   1648.59
  Total         1471.15    153.99   1317.16

 1/2007      23  122.60      8.93    113.67   1534.92
 2/2007      24  122.60      8.31    114.28   1420.64
 3/2007      25  122.60      7.70    114.90   1305.74
 4/2007      26  122.60      7.07    115.52   1190.21
 5/2007      27  122.60      6.45    116.15   1074.07
 6/2007      28  122.60      5.82    116.78    957.29
 7/2007      29  122.60      5.19    117.41    839.88
 8/2007      30  122.60      4.55    118.05    721.83
 9/2007      31  122.60      3.91    118.69    603.14
10/2007      32  122.60      3.27    119.33    483.81
11/2007      33  122.60      2.62    119.98    363.84
12/2007      34  122.60      1.97    120.63    243.21
  Total         1471.15     65.78   1405.37

 1/2008      35  122.60      1.32    121.28    121.94
 2/2008      36  122.60      0.66    121.94     -0.00
  Total          245.19      1.98    243.21

Press any key to continue