A flowchart of the program

Documentation for the program

the .cpp file of the program

#19. Monthly Payments The monthly payment on a loan may be calculated by the following formula: Payment Rate x (1 + Rate) (1 + Rate) - 1 XL Rate is the monthly interest rate, which is the annual interest rate divided by 12. (12 percent annual interest would be 1 percent monthly interest.) N is the number of payments, and Lis the amount of the loan. Write a program that asks for these values then displays a report similar to: Loan Amount: Monthly Interest Rate: Number of Payments: Monthly Payment: Amount Paid Back: Interest Paid: $10000.00 1% 36 $ 332.14 $ 11957.15 $ 1957.15