Question: Can you please solve this assignment using while/for loop in c++?: Lab 5- Monthly Payment (in class) CSCI 259 Problem Statement The user will be
Lab 5- Monthly Payment (in class) CSCI 259 Problem Statement The user will be prompted to enter the loan amount, the loan period in number of years, and the beginning interest rate. Using a whilelfor loop, output a table that lists interest rate monthly payment and total payment in increments of 0.125% interest rates up to the [beginning interest rate + 3]-see Sample Output. To determine first the monthly rate and then the total loan payment, calculate the following formulas 12 &T(number of years) (P 12) 12 p monthly payment L loan amount r-interest rate (e.g. 0.0571 for 5.71%) m number of monthly payments (number of years*12) T total payment for loan Input Data loan amount (dollars), numeric .loan period (years), numeric . beginning interest rate (percentage, NOT a decimal), numeric Output Data A table in increments of 0.125% o interest rate (percentage), to 3 decimal places o monthly loan payment (dollars), to 2 decimal places o total loan payment (dollars), to 2 decimal places
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
