Question: 5. [Bonus Problem] Write a Program to create a table containing a customized loan amortization table. Your program will prompt the user to enter the
![5. [Bonus Problem] Write a Program to create a table containing](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/09/66f55ca5aeda0_06966f55ca513c80.jpg)

5. [Bonus Problem] Write a Program to create a table containing a customized loan amortization table. Your program will prompt the user to enter the amount borrowed (the principal), the annual percentage rate of charge (APR) that describes the annual interest rate (format: 5.05 is 5.5%), and the number of monthly payments (m). To calculate the monthly payment, use the following formula: iP payment 1 (1 i-n where P is the initial principal amount i is the monthly interest rate 12 Of the APR) n is the total number of payments payment periods) Note that this payment must be rounded to the nearest cent. After the payment has been rounded to the nearest cent, the program will create a table that looks like the following
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
