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Interest on a loan is paid on a declining balance, and hence a loan with an interest rate of, say, 14 percent can cost significantly less than 14 percent of the balance. Write a program that takes a loan amount and interest rate as input and then outputs the monthly payments and balance of the loan until the loan is paid off. Assume that the monthly payments are one- twentieth of the original loan amount, and that any amount in excess of the interest is credited toward decreasing the balance due. Thus, on a loan of $20,000, the payments would be $1,000 a month. If the interest rate is 10 percent, then each month the interest is one-twelfth of 10 percent of the remaining balance. The first month, (10 percent of $20,000)/12, or $166.67, would be paid in interest, and the remaining $833.33 would de- crease the balance to $19,166.67. The following month the interest would be (10 percent of $19,166.67)/12, and so forth. Also have the program output the total interest paid over the life of the loan.
Please take a position on this: pro or con. Establish your thread with your position. You must give real live examples to back up your position. Make sure you participate in other student threads with reasoned responses and/or counter arguments. ..
Identify hardware and software needed to secure your choice of networks against all electronic threats.
The cone has a weight W and center of gravity at G. If a horizontal force P is gradually applied to the string attached to its vertex, determine the maximum coefficient of static friction for slipping to occur.
A ball is thrown upward from the top of a 240 ft high building. The ball is 256 feet above ground level after 1 second, and it reaches ground level in 5 seconds. The height above ground is a quadratic function of the time after the ball is thrown...
Connect the second TIA-232 connector to another demo board.
Problem: The cost C of printing a book is directly proportional to the number of pages p of the book. If a 40 page book costs 30 dollars to print how much will a 50 page book cost.
Case Study ‘Stepping Into History' is a fast-growing business that offers the history enthusiast something a little bit different. Through its website and attendance at various events, the company promotes the following services and products:
This seminal publication outlines a set of basic principles that define a logical way to classify and respond to threat. It also describes the critical things you should consider while building software. These underlying principles dictate the con..
How does the skill set of an IT Sales Manager differ from that of the technical manager? Who do you think has the broader skills set
Evaluate the following postfix expressions by using the algorithm given. Show the status of the stack after each step of the algorithm. Assume that division is integer division as in java and the identifiers have the following values: a=7;b=3;c=12..
WITH Apple widely expected to release its iPhone 5 on Tuesday, Apple addicts across the world are getting ready for their latest fix.
The state can prove that the 92 year-old man's death was caused by this failure and that the man died of malnutrition and exposure. Under the criminal code of the State of North Carolina, could charges be brought against John and his wife? What po..
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