compare loans with various interest rates) Write a programthat lets the user enter the loan amount and loan period in number of years anddisplays the monthly and total payments for each interest rate starting from 5% to10%, with an increment of 1/4. Here is a sample run: Loan Amount: 10000Number of Years: 5Interest Rate Monthly Payment Total Payment5.000% 188.71 11322.745.250% 189.86 11391.595.500% 191.01 11460.70...9.750% 211.24 12674.5510.000% 212.47 12748.23
compare loans with various interest rates) Write a programthat lets the user enter the loan amount and loan period in number of years anddisplays the monthly and total payments for each interest rate starting from 5% to10%, with an increment of 1/4. Here is a sample run: Loan Amount: 10000Number of Years: 5Interest Rate Monthly Payment Total Payment5.000% 188.71 11322.745.250% 189.86 11391.595.500% 191.01 11460.70...9.750% 211.24 12674.5510.000% 212.47 12748.23
C++ Programming: From Problem Analysis to Program Design
8th Edition
ISBN:9781337102087
Author:D. S. Malik
Publisher:D. S. Malik
Chapter8: Arrays And Strings
Section: Chapter Questions
Problem 10PE
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Question
compare loans with various interest rates) Write a
that lets the user enter the loan amount and loan period in number of years and
displays the monthly and total payments for each interest rate starting from 5% to
10%, with an increment of 1/4. Here is a sample run:
Loan Amount: 10000
Number of Years: 5
Interest Rate Monthly Payment Total Payment
5.000% 188.71 11322.74
5.250% 189.86 11391.59
5.500% 191.01 11460.70
...
9.750% 211.24 12674.55
10.000% 212.47 12748.23
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