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Current File : //home/bafreeman/hw4.cpp
//
//
//
//
//

#include <iostream>
#include <iomanip>

using namespace std;

int main()
{
	float bal, pmt, i;
	int k;

	cout << fixed << showpoint << setprecision(2);
	pmt = 165.25;
	i = 0.09/12.0;

	// output..
	cout << "Monthly payment:\t$" << pmt << "\n";
	cout << "Annual Interest Rate:\t" << i*12*100 << "%\n";
	// computing for the first payment
	k = 1;
	bal = pmt * (1-pow(i,k));
	cout << "\nBalance after " << k << " payment(s): $ " << bal << "\n";

	k = 2;
	bal = pmt * (1-pow(i,k));
        cout << "Balance after " << k << " payment(s): $ " << bal << "\n";

	return 0;
}

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