I need to calculate how much time it will take to pay off a credit card. I'll take any help.
Code:
#include <iostream>
using namespace std;
int main()
{
float bal,ir,payment,year, newbal,newbal2;
cout << "Enter credit card Balance" << endl;
cin >>bal;
cout <<"Enter Intrest rate" << endl;
cin >>ir;
cout << "Enter years:" << endl;
cin>> year;
for( newbal =1 ; newbal <=12 ; newbal++)
{
// Formula
payment = ((bal*ir)/year)+10;
cout << " Payment each month:"<< payment<< endl;
newbal = bal + ir - payment;
cout << newbal<<endl;
newbal2 = (newbal-(payment*12)+ir);
cout << newbal2<< endl;
cout <<"total amount months to pay of debt " <<newbal2<< endl;
}
system("pause");
return 0;