Question

Write a C++ function that calculates the amortization schedule for a mortgage loan where the user makes one extra payment per year (in December). The function header is shown below. The sample files attached show the output.

void output_extra_yearly(double loan_amount, double interest_rate, double term_years, double extra);

Answer 1

#include <iostream>

using namespace std;

void output_extra_yearly(double loan_amount, double interest_rate, double term_years, double extra){
   cout<<"Output extra yearly = "<<(extra + (loan_amount*term_years*interest_rate/100))<<endl;
}

int main()
{
   output_extra_yearly(20000,5,2,300);
   return 0;  
}

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