Write a c++ program that will estimate the maximum affordable house payment base

Question

Write a c++ program that will estimate the maximum affordable house payment based on a family's gross income and expenses:

Inputs:

Monthly Income

Total expenses

Down Payment

Output:

Maximum affordable house payment

The formula to calculate the maximum affordable monthly house payment is the lesser of 29% of your gross income or 39% of your gross income less expenses. From the input provided by the user, calculate the maximum affordable payment and display this value in another control. I suggest that you use an output only label. Your output must display the maximum affordable house payment and which percentage was used.

Explanation / Answer

#include <iostream>

using namespace std;

int main()
{
double monthlyIncome;
double totalExpenses;
double downPayment;
cout << "Enter Monthly income: ";
cin >> monthlyIncome;
cout << "Enter total expenses: ";
cin >> totalExpenses;
cout << "Enter down payment: ";
cin >> downPayment;

double grossIncomeLessExpensePart = .39* (monthlyIncome - totalExpenses);
double grossIncomePart = .29*monthlyIncome;

if (grossIncomeLessExpensePart < grossIncomePart)
{
cout << "Maximum affordable house payment: " << grossIncomeLessExpensePart << ". This is ";
cout << "39% of your gross income less expenses." << endl;
}
else
{
cout << "Maximum affordable house payment: " << grossIncomePart << ". This is ";
cout << "29% of your gross income." << endl;
}

return 0;
}

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