Question: Typically, banks offer car loans for periods ranging from two to five years (24 to 60 months). Borrowers repay the loans in monthly installments. The

Typically, banks offer car loans for periods ranging from two to five years (24 to 60 months). Borrowers repay the loans in monthly installments. The amount of each monthly payment is based on the length of the loan, the amount borrowed and the interest rate. Create an app that allows the customer to enter the price of a car, the down-payment amount and the loan’s annual interest rate. The app should display the loan’s duration in months and the monthly payments for two-, three-, four- and five-year loans. The variety of options allows the user to easily compare repayment plans and choose the most appropriate.

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