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

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


using namespace std;

int main ()
{
	float bal, pmt, i;
	int k,n;
	string line = "-----------------------------------";

	cout << fixed << showpoint << setprecision(2);

	pmt = 165.25;
	i = 0.09/12.0;
	n = 36; 

	// output...
	cout << line;
	cout << "\nMonthly Payment:\t$" << pmt << "\n";
	cout << "Anual Interest Rate:\t" << i * 12 * 100 << "%\n";
	cout << "Number of Payments:\t" << n << '\n';

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

	k = 2;
        bal = pmt * ((1 - pow(1+i, k-n))/i);
        cout << "Balance after " << k << " payment(s) is: $" << bal << "\n";
	
	k = 3;
	bal = pmt * ((1 - pow(1+i, k-n))/i);
	cout<< "Balance after " << k << " payment(s) is: $" << bal << "\n";
	cout << line << endl;

	return 0;
}

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