mortgage payment formula

[Eli]

Hi every one, I hope someone can help me, it is assignment for my
nephew
I need to write the following 2 formulas in c++

formula 1
The following formula is used to calculate the fixed monthly payment
(P) required to fully amortize a loan of L dollars over a term of n
months at a monthly interest rate of c. [If the quoted rate is 6%, for
example, c is .06/12 or .005].
P = L[c(1 + c)n]/[(1 + c)n - 1]


Formula2
P= Po (1+Q + (Q to the power of 2) / 2 )

Thank you very much

 

[Ian Collins]

Hi every one, I hope someone can help me, it is assignment for my
nephew
I need to write the following 2 formulas in c++

formula 1
The following formula is used to calculate the fixed monthly payment
(P) required to fully amortize a loan of L dollars over a term of n
months at a monthly interest rate of c. [If the quoted rate is 6%, for
example, c is .06/12 or .005].
P = L[c(1 + c)n]/[(1 + c)n - 1]


Formula2
P= Po (1+Q + (Q to the power of 2) / 2 )

Post an attempt and people will comment. This isn't a do homework group!

 

[Rolf Magnus]

Hi every one, I hope someone can help me, it is assignment for my
nephew
I need to write the following 2 formulas in c++

formula 1
The following formula is used to calculate the fixed monthly payment
(P) required to fully amortize a loan of L dollars over a term of n
months at a monthly interest rate of c. [If the quoted rate is 6%, for
example, c is .06/12 or .005].
P = L[c(1 + c)n]/[(1 + c)n - 1]


Formula2
P= Po (1+Q + (Q to the power of 2) / 2 )

What is your question?

 

[Carstenherz]

Hrm... you expect people here to do research for you? Please provide a
pluggable formula for your mortgage payment. For instance, simple interest
compound is P*r*t where P is principle, r is interest rate and t for time
interval. I know there are complex integrals and calculus involved in deriving
the formula for options pricing or annuities; doubt one have to prove it here.