Question: C+ Pleasa 21. Monthly Payments The monthly payment on a loan may be calculated by the following formula: Payment - Rate (1 + Rate)M, (1

C+ Pleasa 21. Monthly Payments The monthly payment on a loan may be calculated by the following formula: Payment - Rate (1 + Rate)M, (1 + Rate)N-1 Rate is the monthly interest rate, which is the annual interest rate divided by 12, (A 12 percent annual interest would be 1 percent monthly interest.) N is the number of payments L is the amount of the loan. . Write a program that asks for these values and displays a report similar to the followi $ 10000.00 Loan Amount: Monthly Interest Rate Number of Payments: Monthly Payment: Amount Paid Back: Interest Paid: 1% $ 332.14 $ 11957.15 $ 1957.15

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