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

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

using namespace std;

int main()
{
	float pmt, bal, 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 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"; 

	k = 3;
	bal = pmt * (1 - pow(i, k));
        cout << "Balance after " << k <<" payment(s) is $" << bal << "\n"; 

	k = 4;
	bal = pmt * (1 - pow(i, k));
        cout << "Balance after " << k <<" payment(s) is $" << bal << "\n"; 

	return 0;
}

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