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

Rules for apply for the condition name, Rules for apply for the condition n...

Rules for apply for the condition name: The rules below apply for the condition name. (i) The Condition names should be explained at level 88. The level number starts in ma

Configuration section - cobol program, Configuration Section: This sec...

Configuration Section: This section holds an overall specification of the computer used for the purpose of the compilation and execution of the program. There are in all 3 par

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.

Input-output section - cobol programming, INPUT-OUTPUT SECTION: This s...

INPUT-OUTPUT SECTION: This section holds information regarding the files to be used in the program. There are 2 paragraphs in this section- FILE-CONTROL & I-O-CONTROL. The

Illustration of perform statement, Illustration of perform statement: ...

Illustration of perform statement: PERFORM    CALCUALTE-TAX. In this illustration, the CALCULATE-TAX is either a section name or paragraph name. Assume that it is a section

Rewrite statement, REWRITE statement: The REWRITE statement is used to...

REWRITE statement: The REWRITE statement is used to update the existing record in a disk file. The normal format is as shown below: REWRIE  record-name  [  FROM      ide

Program to demonstrate sort verb, PROGRAM TO DEMONSTRATE SORT VERB: Th...

PROGRAM TO DEMONSTRATE SORT VERB: The file for which a record having 2 fields, viz., Account Number and Name is already available. Sort the file based on the ascending order o

Sign condition - cobol programming, SIGN CONDITION:   The sign condit...

SIGN CONDITION:   The sign condition establishes whether or not the algebraic value of an operand is negative, positive or zero. The operand can be either the numeric identif

Perform with until option, PERFORM WITH UNTIL OPTION: The format is as...

PERFORM WITH UNTIL OPTION: The format is as shown below: Illustration:  A) Perform p-3 until i > 5. Here p-3 will be executed whenever i B)  Perform p-2 thru

Rules for occurs clause, RULES FOR OCCURS CLAUSE: The rules apply for ...

RULES FOR OCCURS CLAUSE: The rules apply for the OCCURS clause and the subscripts are as shown below. (1) The integer in the OCCURS clause should be a positive integer.

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