Question: C++, Visual Studio Interest and Mortgage Payment Write a program that calculates the cost of a mortgage. The program should prompt for the initial values
Interest and Mortgage Payment Write a program that calculates the cost of a mortgage. The program should prompt for the initial values for the principal amount, the terms in years, and the interest rate. The program should output the mortgage amount per month, and show the amounts paid towards the principal amount and the monthly interest for the first three years. Determine the principal amount after the end of the first three years. athe monigage payment Principal x Monthly!nteresRate Monthly Payment = (1 MonthlylnterestRate) Yrs x 12)) Use the following input: a) Principal Amount: $250,000 b) Principal Amount: $250,000 c)Principal Amount: $250,000 d) Principal Amount: $500,000 Yearly Rate: Yearly Rate: Yearly Rate: Yearly Rate: 690 7.5% 690 690 Number of Years: Number of Years: Number of Years: Number of Years: 30 30 15 30
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