Mortgage Calculations Write a program to calculate three monthly values associated with a mortgage. See Fig. 5.30 on the next page. The program should use the event procedure shown in Fig. 5.29. The interest paid each month is the monthly rate of interest (annual Rate of Interest / 12) applied to the balance at the beginning of the month. Each month the reduction of principal equals the monthly payment minus the interest paid. At any time, the balance of the mortgage is the amount still owed; that is, the amount required to pay off the mortgage. The end of month balance is calculated as [beginning of month balance] - [reduction of principal].
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