These are two different types of questions, these are not the same questions
The Some interest Credit Company provides loans to customers at 1.5 percent interest per month. Design an application that gets customer account data that includes an account number, customer name, and balance due. For each customer, display the account number and name; then display the customer's projected balance each month for the next 10 months. Assume that when the balance reaches $10 or less, the customer can pay off the account. At the beginning of every month, 1.5 percent interest is added to the balance, and then the customer makes a payment equal to 5 percent of the current balance. Assume the customer makes no new purchases.
Write a VISUAL BASIC program to accept numeral values of any unit, sum up the total, calculate the average, and then Output the result with a proper unit.
Requirements for processing:
(1) Tell user the purpose of the program
(2) Tell user how to stop entering data and calculate result
(3) Tell user enter the unit (such as mile, meter, pound, etc)
(4) then start a loop sequence by telling user enter value
(5) Display an end of program message
These questions relate to Programming and Design textbook
start
num accountNum
num balanceDue
num month
num paymentAmt
string custName
num PAY_RATE = 0.10
get accountNum, custName, balanceDue
while not eof
print accountNum, custName
month = 1
paymentAmt = balanceDue * PAY_RATE
while month <= 10
balanceDue = balanceDue – paymentAmt
print month, balanceDue
month = month + 1
endwhile
get accountNum, custName, balanceDue
endwhile
stop
If i'm not mistaken does the PAY_RATE must be equal to 0.15 rather than 0.10? I don't really understand, can you explain those?
To answer the first question, you would need to design a program that accepts input from the user for the customer account data, which includes the account number, customer name, and balance due. Then, for each customer, you would need to display the account number and name, and calculate and display the projected balance for each month for the next 10 months. To do this, you would follow these steps:
1. Start by defining the necessary variables, such as accountNumber, customerName, and balanceDue.
2. Prompt the user to enter the account number, customer name, and balance due.
3. Use a loop to calculate and display the projected balance for each month for the next 10 months.
4. Inside the loop, add 1.5 percent interest to the balance and then subtract 5 percent of the current balance as the payment made by the customer.
5. Display the account number, customer name, and projected balance for each month.
6. Check if the projected balance is $10 or less, if so, indicate that the account can be paid off.
7. Repeat this process for each customer entered by the user.
To answer the second question, you would need to write a Visual Basic program that accepts numeral values of any unit, sums up the total, calculates the average, and outputs the result with a proper unit. Here are the steps to achieve this:
1. Start by displaying the purpose of the program to the user.
2. Prompt the user to enter the unit (such as mile, meter, pound, etc).
3. Start a loop sequence where the user enters values.
4. Inside the loop, prompt the user to enter a value and store it in a variable.
5. Continue looping until the user decides to stop entering data. You can provide an option for the user to input a specific value to stop the loop.
6. Calculate the sum and average of the entered values using appropriate variables and formulas.
7. Display the total and average with the proper unit specified by the user.
8. Output an end of program message to indicate that the program has finished.
These steps will help you create Visual Basic programs to solve the given problems from your Programming and Design textbook.