📄 application2-1.cpp
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#include <iostream>
#include <cmath>
#include <iomanip>
#include <locale>
using namespace std;
// Compute ;the regular payments on a loan.
double regpay(double principal, double intRate,
int numYears, int payPerYear) {
double numer;
double denom;
double b, e;
intRate /= 100.0; // convert percentage to fraction
numer = intRate * principal / payPerYear;
e = -(payPerYear * numYears);
b = (intRate / payPerYear) + 1.0;
denom = 1.0 - pow(b, e);
return numer / denom;
}
int main() {
double p, r;
int y, ppy;
// Set locale to English. Adjust as necessary
// for your language and/or egion.
cout.imbue(locale("english"));
cout << "Enter principal: ";
cin >> p;
cout << "Enter interest rate (as a percentage): ";
cin >> r;
cout << "Enter number years: ";
cin >> y;
cout << "Enter number of payments per year: ";
cin >> ppy;
cout << "\nPayment: " << fixed << setprecision(2)
<< regpay(p, r, y, ppy) << endl;
return 0;
}
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