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Current File : /home/aredwards/../eabracy/../mrlong/hw4.cpp
//
//
//
//
//	..
//

#include <iostream>
#include <iomanip>	//setprecision

using namespace std;

int main()
{
	
	//variable
	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 1st payment	
	k = 1;

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



	return 0;
}

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