Question

Write a javascript program that computes the total cost for a five year car lease. The program starts with a monthly leasing amount and a yearly increase in percent. The program then outputs the total amount paid for each year and the total overall cost of the lease.

Answer 1

monthly_amount = window.prompt("Enter Monthly Amount: ");
               yearly_increase = window.prompt("Enter Yearly Increase Percentage: ");
               total = 0;
               total_amount = [];
               initial_amount = monthly_amount * 12;
               yearly_amount = initial_amount;
               for(i = 0 ; i < 5 ; i++)
               {
                   interest = (yearly_amount * 1 * yearly_increase) / 100;
                   total_amount[i] = yearly_amount + interest;
                   yearly_amount = yearly_amount + interest;
                   document.write("Total amount paid for year "+ i +"\t is \t" ,total_amount[i]);
                   total += total_amount[i];
               }
               document.write("Total cost for 5 year car lease is : ",total);