I have a problem in understanding a program I am working on so I thought I would see if I could get some help from others. Here is the situation:
The program is designed to to read credit card records and print payoff schedules for the customers. The input records contain an account number, customer name and balance due. For each of the customer i am required to print the account number, and name and then print the customers payment amount and new balance each month until the card is paid off. I am to assume that when a balance reaches $10 or less the customer can pay off the balance. At the beginning of every month 1.5% interest is added to the balance, then the customeer makes 5% payment of the current balance. Assume the customer makes no new purchases.
I am confused about the logoc and design of the program so any source code or input woul be greatly appreciated.