C++ if platinum or gold level customers make a late payment, then their interest rate for the month doubles. for example, if a platinum member is late, then his interest rate increases from 1% to 2% for the month. if a silver level customer is late on a payment, their interest rate does not increase. instead, they are assessed a flat $20 penalty for being late. for this assignment, you will write a program that calculates the minimum payment, which is 2% of the principle plus any interest and fees. you will also need to calculate the percentage of the payment that goes to the principle

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the benefits of raising bc’s minimum wage to $15 through a

series of pre-announced staged increases far outweigh the likely

costs. claims that such an increase will lead to massive job losses

in low-wage sectors of the economy are not credible.

• an increase to $15 would result in some job losses. however,

the likely impact is less than a 1 per cent reduction in the overall

provincial employment rate, and a 7.6 per cent reduction in the

employment rate for those currently making between $10.25

and $15 per hour.

• the large job loss impacts predicted by some opponents of

minimum wages misrepresent the existing economic research. in

reading and using that research, it is important to recognize that

estimates showing job loss effects of minimum wage increases

apply only to teenagers. estimated effects for young adult and

adult workers range from insignificant to non-existent.

• focusing on teenage workers plays up an inaccurate stereotype

about who earns very low wages in bc and leads to exaggerated

claims about job losses. only 26 per cent of those currently making

between $10.25 and $12 are teenagers, and only 5 per cent

of those making between $12 and $15 are teenagers.