COP 3223 Program #6: House Refinance

$30.00

Category: You will Instantly receive a download link for .zip solution file upon Payment || To Order Original Work Click Custom Order?

Description

5/5 - (4 votes)

Part A: Population Growth (growth.c)
Populations of animals tend to double over a constant amount of time. (Well, not really, but
pretend that’s the case for this problem!) Write a program that prints out a chart of a species’
population at various years based on the following input information:
1) How long (in years) it takes the population to double.
2) The current population of the species (in the year 2012).
3) How many doubling periods you want the chart to be.
You are guaranteed that all three values entered will be positive integers and that the final
population of the species will not exceed the storage capacity of an integer variable.
Sample Program Run #1
How long (in years) does the population take to double?
15
What is the current population?
1000000
How many doubling periods do you want the chart to be?
4
Year Population
2012 1000000
2027 2000000
2042 4000000
2057 8000000
2072 16000000
Program Notes: Note that this chart has one more row than the number of doubling periods,
because it includes the original population. Print out the chart by spacing out the two values on
each row with a tab.
Part B: Printing Payments and Calculating Total Expenditure (loan.c)
Write a program that prints out the payment plan for a house. Ask the user to input the amount
owed on the house, the interest rate of the loan as a percent per year, and the monthly payment
value. Your program should print a chart with a row for each monthly payment. The columns of
the chart should be the month (this should be a number), the amount of the payment, and the
amount owed after the payment is made. All the numbers in the second column should be the
same except for possibly the last value. Also, your program should detect if the monthly payment
is too small to ever pay off the loan. If this is the case, simply output an error message instead of
the chart.
Output Details
Your chart should print out three pieces of information for each month: the month number
starting at 1, the payment value printed to 2 decimal places in dollars, and the amount still owed,
printed to 2 decimal places in dollars. Each value should be separated by either one or two tabs
(“\t”). Create headers for each column of the chart.
Sample Program Run #1
What is the value left on the mortgage?
10000
What is the annual interest rate of the loan, in percent?
12
What is the monthly payment?
500
Month Payment Amount Owed
1 500.00 9600.00
2 500.00 9196.00
3 500.00 8787.96

22 500.00 211.37
23 213.48 0
Calculation explanation: If the annual interest rate is 12%, the monthly rate is 1%. Thus, the
interested accrued in the first month is $10000 x .01 = $100 and the loan value is $10,100 right
before payment. After the payment, the amount owed is $10100 – $500 = $9600. After the
second month, the value owed is $9600 + $9600 x .01 = $9696. After making the payment,
$9196.00 is owed. In month 22, $711.37 is owed. After the $500 payment, $211.37 is owed.
BUT, after the end of month 23, $213.48 is owed due to the interest on the $211.37 for one
month, which is about $2.11. Thus, the last payment has to be $213.48 and not $211.37.
Sample Program Run #2
What is the value left on the mortgage?
10000
What is the annual interest rate of the loan, in percent?
12
What is the monthly payment?
100
Sorry, this plan won’t work.
Calculation Explanation: If you accrue $100 in interest, your payment must be MORE than $100
to eventually pay down your loan.
Note: The numbers in these samples more closely resemble a bad car loan than a house loan.
These numbers were chosen so that the chart printed isn’t so long and so the math for the first
couple steps is relatively easy to trace by hand.
Deliverables
Two source files: growth.c, for your solution to problem A and loan.c for your solution to
problem B. All files are to be submitted over WebCourses.
Restrictions
Although you may use other compilers, your program must compile in gcc and run in the
Code::Blocks environment. Each of your two programs should include a header comment with
the following information: your name, course number, section number, assignment title, and
date. Also, make sure you include comments throughout your code describing the major steps in
solving the problem. Make sure to use good programming style, including use of
appropriate constants, good variable names and good use of white space. A significant
portion of your grade will be based upon programming style and not correctness. Of
course, a significant portion of your grade will also be based upon correctness.