Assignment #2 Instructions: Through this programming assignment, the students will learn to do the following: Learn to work with command line options and arguments Gain more experience with Makefiles Gain more experience with Unix Learn to use some of the available math functions available with C Usage: mortgagepmt [-s] -r rate [-d downpayment] price In this assignment, you are asked to perform a mortgage payment calculation. All information needed for this will be passed to the program on the command line. There will be no user input during the execution of the program   You will need a few pieces of information. The price of the home and the amount of the down payment. You will also need to know the interest rate and the term of the mortgage. To figure your mortgage payment, start by converting your annual interest rate to a monthly interest rate by dividing by 12. Next, add 1 to the monthly rate. Third, multiply the number of years in the term of the mortgage by 12 to calculate the number of monthly payments you’ll make. Fourth, raise the result of 1 plus the monthly rate to the negative power of the number of monthly payments you’ll make. Fifth, subtract that result from 1. Sixth, divide the monthly rate by the result. Last, multiple the result by the amount you want to borrow. In addition, you will add on PMI of 1% of the amount borrowed/12 if the down payment is less than 20% of the price of the home. This will stay the same for the life of the loan. Options: -s is optional and means that the mortgage will be a 15 year mortgage instead of the standard 30 year mortgage you would use as a default. -r is required and the argument is the yearly interest rate for the loan. The interest rat3e should be between 3% and 10%. -d is optional and the argument is the downpayment that will be made on the loan. It cannot be larger than the price of the home. You will print out the resulting payment amount as follows. Use rounding to keep money to two decimals and percentages to three decimals. "The payment on a loan of $###,###.## with an interest rate of #.###% for a term of ## years will be $##,###.##" There should be no other output at all to the screen.   Please submit your work through Canvas as one zip file called FirstnameLastnameA2.zip. Follow the instructions below carefully (to avoid unnecessary loss of grade). Include your source code and your Makefile in the zip file. I should be able to create the executable by typing ‘make’. The Makefile should also contain a 'clean' target for cleaning up the directory (removing all object files). Make sure you don't include intermediate files: *.o, executables, *~, etc., in your submission. (There'll be a penalty for including unnecessary intermediate files or any folders). Please make sure you submit homework before the deadline. There will be a late penalty as per the syllabus. If the program does not compile and do something useful when it runs it will not earn any credit

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
icon
Related questions
Question

Assignment #2 Instructions:

Through this programming assignment, the students will learn to do the following:

Learn to work with command line options and arguments

Gain more experience with Makefiles

Gain more experience with Unix

Learn to use some of the available math functions available with C

Usage: mortgagepmt [-s] -r rate [-d downpayment] price

In this assignment, you are asked to perform a mortgage payment calculation. All information needed for this will be passed to the program on the command line. There will be no user input during the execution of the program

 

You will need a few pieces of information. The price of the home and the amount of the down payment. You will also need to know the interest rate and the term of the mortgage. To figure your mortgage payment, start by converting your annual interest rate to a monthly interest rate by dividing by 12. Next, add 1 to the monthly rate. Third, multiply the number of years in the term of the mortgage by 12 to calculate the number of monthly payments you’ll make. Fourth, raise the result of 1 plus the monthly rate to the negative power of the number of monthly payments you’ll make. Fifth, subtract that result from 1. Sixth, divide the monthly rate by the result. Last, multiple the result by the amount you want to borrow.

In addition, you will add on PMI of 1% of the amount borrowed/12 if the down payment is less than 20% of the price of the home. This will stay the same for the life of the loan.

Options:

-s is optional and means that the mortgage will be a 15 year mortgage instead of the standard 30 year mortgage you would use as a default.

-r is required and the argument is the yearly interest rate for the loan. The interest rat3e should be between 3% and 10%.

-d is optional and the argument is the downpayment that will be made on the loan. It cannot be larger than the price of the home.

You will print out the resulting payment amount as follows. Use rounding to keep money to two decimals and percentages to three decimals.

"The payment on a loan of $###,###.## with an interest rate of #.###% for a term of ## years will be $##,###.##"

There should be no other output at all to the screen.

 

Please submit your work through Canvas as one zip file called FirstnameLastnameA2.zip. Follow the instructions below carefully (to avoid unnecessary loss of grade). Include your source code and your Makefile in the zip file. I should be able to create the executable by typing ‘make’. The Makefile should also contain a 'clean' target for cleaning up the directory (removing all object files). Make sure you don't include intermediate files: *.o, executables, *~, etc., in your submission. (There'll be a penalty for including unnecessary intermediate files or any folders).

Please make sure you submit homework before the deadline. There will be a late penalty as per the syllabus.

If the program does not compile and do something useful when it runs it will not earn any credit.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Function Arguments
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Database System Concepts
Database System Concepts
Computer Science
ISBN:
9780078022159
Author:
Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:
McGraw-Hill Education
Starting Out with Python (4th Edition)
Starting Out with Python (4th Edition)
Computer Science
ISBN:
9780134444321
Author:
Tony Gaddis
Publisher:
PEARSON
Digital Fundamentals (11th Edition)
Digital Fundamentals (11th Edition)
Computer Science
ISBN:
9780132737968
Author:
Thomas L. Floyd
Publisher:
PEARSON
C How to Program (8th Edition)
C How to Program (8th Edition)
Computer Science
ISBN:
9780133976892
Author:
Paul J. Deitel, Harvey Deitel
Publisher:
PEARSON
Database Systems: Design, Implementation, & Manag…
Database Systems: Design, Implementation, & Manag…
Computer Science
ISBN:
9781337627900
Author:
Carlos Coronel, Steven Morris
Publisher:
Cengage Learning
Programmable Logic Controllers
Programmable Logic Controllers
Computer Science
ISBN:
9780073373843
Author:
Frank D. Petruzella
Publisher:
McGraw-Hill Education