ISYS 350, Spring20, Assignment 1, Due Date: 02/17/20

Part 1: The formula to calculate the monthly payment, given loan L, term T in year and annual

interest rate R is:

Create a form with textboxes to enter loan, term in year and annual interest rate, and a button to

compute and display the monthly payment in a read-only textbox with a currency

format. You should use label to label textboxes. Submit the code view and the screenshot of

the form as it runs. You can copy the source and paste to a Word document, and use the

Alt+ PrintScrn key to capture form’s screenshot and paste it to the Word document. If you are

using Mac: press Command-Shift-4 and select the screen to capture.

Note 1: Test your program with the following data: Loan = $500,000, annual rate = 3.9%, term

= 30 years. You may use Excel’s PMT function to verify your output.

Note 2: The annual interest rate should be entered without the percentage sign. For example,

4.5% should enter as .045. Use a label next to the interest rate textbox to explain how to enter

the rate.

Note 3: Use comment lines to enter your name, section and a brief description of the purpose of

this program.

Note 4: Variable names must be meaningful and have at least 4 characters.

Part 2: Part 2 practices the modulus operator (%). Don’t use the IF statement in this

assignment. Create a form with textboxes to enter the measurement of three lengths in feet and

inches as integer values and compute the total length in feet and inches. For example, the total

length of 5 feet 7 inches, 3 feet 8 inches, and 2 feet 10 inches is 12 feet 1 inch; and 5 feet 3

inches, 3 feet 2 inches, and 2 feet 6 inches is 10 feet 11 inches. The textboxes for total length

should be read-only. Submit the code view and the screenshot of the form as it runs.