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6.8

C++ Mortgage Calculator/user inputs loan, interenst, term

Asked by alacy in C++ Programming Language

Tags: calculator, mortgage

i am to create mortgage calculator where user inputs loan, interest rate, and term then then loops back if user wants to input more data, ultimately displaying monthly payments. I can't seem to get it correct, any advise on the following code:

#include "stdafx.h"
#include "math.h"
#include <iostream>

using std::cout;
using std::endl;

int main()
{
int a = 200000;            //Amount of the loan
double i = 5.75;      // Interest rate of the loan
double Ci= i/(12*100); //calculates interest for equation
int y = 30;            //term loan will be financed for
int t = y*12; //Breaks term of loan down into months for
//equation to calculate payment
double mpay;            //variable for ouputting your monthly payment

mpay = (a * Ci) / (1 - pow(1+Ci,-t)); //Formula to figure mortgage payment amount

cout<< "Your Monthly Payment Amount is: $"<< mpay; //prints out montyly payment amount
cout<< endl;
cout<< endl;
system("PAUSE");
return 0;
}

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C++ Mortgage Calculator/user inputs loan, interenst, term

Asked by alacy in C++ Programming Language

Tags: calculator, mortgage

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