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Current File : /home/grpatillo/hw4.cpp
 /*
*/

//	Goal
//

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

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

	k = 2;
	bal = pmt * (1 - pow(i, k));
	cout << "Balance after " << k << " payment(s) is: $" << bal << "\n";
	return 0;
}

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