INSTRUCTIONS

Design a program that calculates how many months you will have to make payments on a car loan. The program should work like this:

Inputs: starting balance of the loan, annual percentage rate $($APR$),$ monthly payment amount

Each month: add interest $($balance $*$ APR$/100/12)$ then subtract monthly payment to get new balance

Output: how many months it takes for balance to be less than or equal to zero

Design and upload a flow chart showing the working of your program. MS Office software has flowcharting shapes, but you can find much better flowchart drawing software on the internet $($often free or with free trials$)$

Translate your flow chart into pseudocode and upload that as well.

Finally, work through your pseudocode on paper for a simple example $-$ say, a $$3,000$ loan at $6\mathrm{.}0\%$ APR and $$300$ monthly payments $-$ showing that your algorithm reaches the correct answer.