This is the code i have so far and i am dying on trying to find out how i can come up with the total interest paid with no user input.
I believe i have to come up with a second while loop after the section i marked in green. which i found out to be 24 months. But after that, i'm not sure how many statements i need and when i do do it i come up with some rediculous small number like -$0.03.
Code:
**************************************
#include <iostream>
using namespace std;
int main()
{
double totalInterestPay;
double debt = 1000.00;
int count = 0;
cout<< "This program will calculate the amount\n"
<< "of months it will take for you to pay off your debt\n"
<< "with a debt of $1000 and an annual\n"
<< "interest rate of 18% at 1.5% per month.\n";
while (debt > 0.00)
{
debt = debt * 0.015 + debt - 50;
count++;
}
cout.setf(ios::fixed);
cout.setf(ios::showpoint);
cout.precision(2);
cout<< endl << "Your debt will be paid off after "
<< count << " months.\n";
cout<< endl<< "your total interst paid throughout\n"
<< "the course of the loan is $"<< totalInterestPay
<< endl;
return 0;
}