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

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

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

Group item as operand in the relational condition, Group Item as Operand in...

Group Item as Operand in the Relational Condition: Whenever an operand of a relational condition is the group item, the item is then considered to be an alphanumeric field. Th

Read statement, READ STATEMENT: The aim of this verb is to make availa...

READ STATEMENT: The aim of this verb is to make available the next logical record from the input file. It is important to note the meaning of the "next" logical record in the

Programming Assignment, I need help with a COBOL programming assingment. I ...

I need help with a COBOL programming assingment. I have started the program but I need help completing the program. I have 5 errors. Here is the question. 10. Suppose your company

Filler clause - cobol programming, FILLER CLAUSE: Consider the stateme...

FILLER CLAUSE: Consider the statements as shown below: 1)  01    f    pic     x(80)  value    all "-". This statement origins a line of 80 characters filled with "-"

Rules for search verb, RULES FOR SEARCH VERB: The rules apply for the ...

RULES FOR SEARCH VERB: The rules apply for the SEARCH verb is as shown below: (1) The SEARCH verb can be applied only to a table that has the OCCURS clause and INDEXED phra

Example of compound condition, Example of compound condition: In commo...

Example of compound condition: In common, a compound condition has the form which is as shown below: Where condition-1 & condition-2 can be any one of the below:

Program for sequential file creation & rewriting , Program for Sequential F...

Program for Sequential File Creation & Rewriting  We have to write a program to create a Length file with just two fields: l (Length) and l-c (Length-Code). Add a few records.

File status clause, FILE STATUS clause: This clause has been involved ...

FILE STATUS clause: This clause has been involved in the above syntax for completeness. The ORGANIZATION, REVERSE, ACCESS and STATUS clause can be specified in any order.

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