You have saved $500 to use as a down payment on a car. Before beginning your car shopping, you decide to write a program to help you figure out what your monthly payment will be, given the car’s purchase price, the monthly interest rate, and the time period over which you will pay back the loan. The formula for calculating your payment is where o P = principal (the amount you borrow) o i = monthly interest rate (112 of the annual rate) o n = total number of payments Your program should prompt the user for the purchase price, the down payment, the annual interest rate, and the total number of payments (usually 36, 48, or 60). It should then display the amount borrowed and the monthly payment including a dollar sign and two decimal places. Please use function to calculate the monthly payment. (hint: there is a header file in C and you can use pow(double x, double y) math function to implement x to power y).
Max Function
Statistical function is of many categories. One of them is a MAX function. The MAX function returns the largest value from the list of arguments passed to it. MAX function always ignores the empty cells when performing the calculation.
Power Function
A power function is a type of single-term function. Its definition states that it is a variable containing a base value raised to a constant value acting as an exponent. This variable may also have a coefficient. For instance, the area of a circle can be given as:
Hello can someonbe help me with this C++ question
You have saved $500 to use as a down payment on a car. Before beginning your car
shopping, you decide to write a
be, given the car’s purchase price, the monthly interest rate, and the time period over which you
will pay back the loan. The formula for calculating your payment is
where
o P = principal (the amount you borrow)
o i = monthly interest rate (112 of the annual rate)
o n = total number of payments
Your program should prompt the user for the purchase price, the down payment, the annual
interest rate, and the total number of payments (usually 36, 48, or 60). It should then display the
amount borrowed and the monthly payment including a dollar sign and two decimal places.
Please use function to calculate the monthly payment.
(hint: there is a <math.h> header file in C and you can use pow(double x, double y) math
function to implement x to power y).
No hand written and fast answer with explanation
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