| code: |
const interest_rate := 0.115 const payment := 8600 var mortgage : int := 85000 var b : int := 0 var interest, balance : real put "Year", " " : 10, "Interest", " " : 10, "Balance" loop interest := mortgage * interest_rate balance := mortgage + interest - payment b := b + 1 put b, " " : 13, "$ ", interest, " " : 11, "$ ", balance exit when b = 15 end loop |
too tired to think...something wrong with my formula or sumthing...(the balance is soupposed to increase with every year of payment). first interest increasement shows up 0........starting mortgage-$85,000 annual intrest rate - 11.5%, payments are $8600/yr. Intrest is addded before payments are deducted.
how do i fix problem
