#include #include using namespace std; int main() { // input variables double Cost, Cash, APR; int term; // First, note the cost of the car (Cost), cout << "Enter the cost of the car: $"; cin >> Cost; // the amount of money you have saved (Cash), cout << "Enter the amount of money you saved: $"; cin >> Cash; // and the sales tax rate (TaxRate) (6% e.g.) double SalesTaxRate = 6.0; // Also, note the financials: the interest rate (APR), // and the term of the loan (Term) // The interest rate quoted is generally the annual // percentage rate (APR) cout << "Enter the APR for the loan (in %): "; cin >> APR; // Input the term of the loan (Term) cout << "Enter length of loan term (in months): "; cin >> term; // Convert it (APR) to monthly rate (divide it by 12) (MR) // also divide it by 100 since the value input is in % double MR = APR/12.0/100.0; // Next, compute the sales tax you will pay (SalesTax) double SalesTax = Cost * SalesTaxRate / 100.0; // Use the money left to make a down payment (DownPayment) double DownPayment = Cash - SalesTax; // Then determine the amount you will borrow (LoanAmount) double LoanAmount = Cost - DownPayment; // Plug in all of the values in the formula and compute // the monthly payment (MP) double MP = (LoanAmount * MR) / (1.0 - exp(-term * log(1.0+MR))); // Also, compute the total cost of the car. (TotalCost) double TotalCost = SalesTax + DownPayment + MP * term; // Output all the results printf ("Here are the details about your new car...\n"); printf ("------------------------------------------\n"); printf ("\n"); printf ("Money you have saved $%1.2f\n", Cash); printf ("Cost of the car $%1.2f\n", Cost); printf ("Sales Tax rate is %1.2f%%\n", SalesTaxRate); printf ("Sales Tax on the car $%1.2f\n", SalesTax); printf ("Your down payment will be $%1.2f\n", DownPayment); printf ("You will be borrowing $%1.2f\n", LoanAmount); printf ("A %2d month loan at %1.2f%% APR\n", term, APR); printf ("Your monthly payment will be $%1.2f\n", MP); printf ("Total cost will be $%1.2f\n", TotalCost); printf ("\n"); return 0; }