decimal: .02 Output Format (Only Print the value, the title shown for student understanding) Month: 1 Minimum monthly payment: 96.0 Principle paid: 16.0 Remaining balance: 4784.0 Month: 2 Minimum monthly payment: 95.68 Principle paid: 15.95 Remaining balance: 4768.05 Month: 3 Minimum monthly payment: 95.36 Principle paid: 15.89 Remaining balance: 4752.16 Month: 4 Minimum monthly payment: 95.04 Principle paid: 15.84 Remaining balance: 4736.32 LM F6 F6 F7 FB FO F10 F11 % 5 & 6 * OC 7 8 9 (4) WhatsApp x + t.php?attempt - 2477408 cmid=28140 Remaining balance = outstanding balance on your credit card - Principle paid For next month, remaining balance of the previous month should be considered as outstanding balance, After 12 months, print sum of sum of principal paid, and sum of minimum monthly payment paid. Input Format Enter the outstanding balance on your credit card: 4800 Enter the annual credit card interest rate as a decimal: 2 Enter the minimum monthly payment rate as a decimal: 02 Output Format (Only Print the value, the title shown for student understanding) Month: 1 Minimum monthly payment: 96,0 Principle paid: 160 Pemaining balance: 47840 Month: 2 IM- php?attempt=247740&cmid=28140 Write a program to calculate the credit card balance after one year if a person only pays the minimum monthly payment required by the credit card company each month. Inputs are (three floating point numbers): 1. the outstanding balance on the credit card 2. annual interest rate 3. minimum monthly payment rate. For each month, print the minimum monthly payment, remaining balance, principle paid. Finally, print the result, which should include the total principal amount paid and total monthly amount paid on that year. All results may be rounded off for 2 decimal position, if necessary. For every month, follow the below formula: = Minimum monthly payment = outstanding balance on your credit card x minimum monthly payment rate Interest paid outstanding balance on your credit card x annual credit card interest rate/12 = Principle paid = Minimum monthly payment - interest paid Remaining balance = outstanding balance on your credit card - Principle paid For next month, remaining balance of the previous LM