Question: 6 (Financial application: compare loans with various interest rates) Write a pro- gram that lets the user enter the loan amount and loan period in
6 (Financial application: compare loans with various interest rates) Write a pro- gram 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 8%, with an increment of 1/8. Here is a sample run: Loan Amount: 10000 Enter Number of Years: 5 Enter Interest Rate Monthly Payment 5.000% 5.125% 5.250% 7.875% 8.000% 188.71 189.28 189.85 202.17 202.76 MacBook Air Total Payment 11322.74 11357.13 11391.59 12129.97 12165.83
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