Question: C++ Programming: monthly payment on a loan may be calculated by the following formula: payment = rate x (1+rate)^N / ((1+rate^N-1) xL Should ask for

C++ Programming: monthly payment on a loan may be calculated by the following formula: payment = rate x (1+rate)^N / ((1+rate^N-1) xL

Should ask for user name with display message of the user with his input. C++ Programming: monthly payment on a loan may be calculated by the

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 f payments, and L is 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 s 1957.15

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