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

If statement - cobol programming, IF STATEMENT: The easiest form of th...

IF STATEMENT: The easiest form of the IF statement is  IF condition-1 statement-1 where the condition-1 may be any one from the shown below. When the condition-1

Program for inventory , PROGRAM FOR INVENTORY  We have to write a progr...

PROGRAM FOR INVENTORY  We have to write a program to update the inventory file. Consider 2 files,viz, invfile an tranfile. Invfile has 3 fields pno,name,qty. Tranfile has 3 fil

Currency sign - edit characters for numeric data, Currency Sign - edit char...

Currency Sign - edit characters for numeric data: $ (Currency Sign): The single currency sign can appear at the leftmost place of a picture. In that situation the $ cha

Comparison of the numeric operand with nonnumeric operand, Comparison of th...

Comparison of the Numeric Operand with Nonnumeric Operand: The numeric operand can be compared to the nonnumeric operand subject to the restrictions which are as follows.

Example of redefines clause, Example of Redefines clause: This illustr...

Example of Redefines clause: This illustration describes a sales record that may either contain the total amount of sale or the quantity (QTY) and UNIT-PRICE. The aim of such

#Array, Major difference between file and array how does record read from a...

Major difference between file and array how does record read from array and file why we are not preparing array for real time

Compound condition, COMPOUND CONDITION: The two simple conditions can ...

COMPOUND CONDITION: The two simple conditions can be connected by the logical operators AND or OR to form a compound condition (also termed as combined condition). When two co

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

Compute verb, COMPUTE VERB: The COMPUTE verb is very powerful. All the...

COMPUTE VERB: The COMPUTE verb is very powerful. All the evaluations performed by the other 4 verbs can also be completed easily by using the COMPUTE verb. Its normal format i

Conditions-name condition, CONDITIONS-NAME CONDITION:   The condition...

CONDITIONS-NAME CONDITION:   The condition name is an entity which itself is a condition and these can have either a true or false value. Though, a condition name cannot be d

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