The LENDER Bank, COBOL Programming

Assignment Help:
The LENDER Bank offers mortgages on homes valued up to $500,000. The required down payment is calculated as follows:

4% of the first $60,000 borrowed
8% of the next $30,000 borrowed
10% of the rest

The amount borrowed cannot exceed 50% of the value of the house.

Write a program (interactive processing) to accept input from a keyboard that specifies for each borrower the amount that he or she wishes to borrow along with the price at which the house is valued. Based on the data entered, display the following:

1. A message that indicates if the amount the user wishes to borrow is acceptable (no more than 50% of the value).

2. The required down payment if the amount to be borrowed is acceptable.

The student must provide an MS Word document or Adobe PDF containing the pseudocode for the program.

*I have the COBOL source codes to work with but don''t see the option to attach through here. Please advise.

Related Discussions:- The LENDER Bank

Procedure division statements for the relative files, PROCEDURE DIVISION st...

PROCEDURE DIVISION statements for the relative files: The statements OPEN, CLOSE, READ, WRITE and REWRITE that are available for sequential files are also available for the re

Figurative constants - cobol program, Figurative Constants: The Figura...

Figurative Constants: The Figurative constants have several fixed names and the compiler recognizes these names and it sets up the equivalent values in the object program.

Program for electricity bill, PROGRAM FOR ELECTRICITY BILL: An electri...

PROGRAM FOR ELECTRICITY BILL: An electricity company supplies electricity to 4 types of customers coded 1, 2, 3 & 4.The rate schedule for customers is shown in one table as

Fd entry for variable-length records, FD Entry for variable-length Records:...

FD Entry for variable-length Records: The RECORDS CONTAINS and BLOCK CONTAINS clause are quite dissimilar in the case of files with variable- length records. The syntax of the

Sign - picture clause, Sign - Picture clause: The numeric data item ca...

Sign - Picture clause: The numeric data item can be signed or unsigned. If a numeric data is regarded as unsigned then during the execution these unsigned data items are treat

Identification division - cobol programming, Identification Division: ...

Identification Division: The Identification Division is the first division of each and every COBOL source program. The paragraph PROGRAM-ID is necessary in most of the mac

Example of level numbers - cobol programming, Example of Level numbers - co...

Example of Level numbers - cobol programming: To explain the hierarchical structure introduced above, the concept of the level number is employed in COBOL. The most broad

File description for the relative and indexed files, File Description for t...

File Description for the Relative and Indexed Files: The FD entry for a relative or an indexed file is similar to that of a sequential file. Some compilers do not permit varia

Format for cobol programs, Format for COBOL Programs: The COBOL is a h...

Format for COBOL Programs: The COBOL is a high-level language. Therefore, a COBOL program can be executed on a computer for which a COBOL compiler exists. The compiler transla

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd