RE: [Dev-C++] Calculating interest

[Reid T. <Rei...@at...>]

 <http://www.tallahassee.cc.fl.us/dept/acsu/mc/docs/HTML/BUSFLOW.HTM>
http://www.tallahassee.cc.fl.us/dept/acsu/mc/docs/HTML/BUSFLOW.HTM
formulas listed at the bottom of the page.  Do search on finance
formulas

-----Original Message-----
From: Mitchell, Tamra (HNA) [mailto:Tam...@hj...]
Sent: Wednesday, September 11, 2002 8:32 AM
To: 'dev...@li...'
Subject: [Dev-C++] Calculating interest





Can anyone point me to a same program that calculates interest, and
determines number of months it will take to pay off a loan.

I have all my variables set but am not sure how to set up the loop.  I
need to calculate months it will take to pay off  a loan for $1000  ay
18% interest with payment of $50/month




#include <iostream>=20
using namespace std;=20

void main()=20
{=20
double payment =3D 50;=20

double loan_amt =3D 1000;=20

double const interest_rate =3D.18;=20
double yrly_int =3D (loan_amt*interest_rate);=20
double monthly_int =3D(yrly_int/12);=20
double principle=3D (payment - monthly_int) ;=20
double new_bal =3D (loan_amt-principle);=20



}=20


Tamra Y. Mitchell=20
Database & Operating Systems Analyst=20
412-237-5232 - Work=20
412-996-9078 - Cell=20