Problem #48

Solution Source Code

Code Overview

1. Header Files and Namespace:

  • <iostream> is included for input and output operations.
  • <string> is included for potential future use (not used in this program).
  • using namespace std; allows the use of standard functions without prefixing them with std::.

2. User Input Function (ReadPositiveNumber)

  • Uses a do-while loop to ensure positive input.
  • Prompts the user to enter a valid loan amount or repayment period.
  • Reads and returns the validated floating-point number.

3. Loan Calculation Function (MonthlyInstallment)

  • Takes the loan amount and repayment duration in months as input.
  • Computes the monthly installment using:

  • Returns the monthly payment amount.

4. Program Execution (main())

  • Calls ReadPositiveNumber() to get:
    • Loan Amount
    • Number of Months
  • Calls MonthlyInstallment() to compute the monthly installment.
  • Prints:
    • Monthly Installment required to repay the loan
  • Returns 0 to indicate successful execution.

This structured explanation ensures clarity and ease of understanding.

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