Instructions: Use the flowcharting conventions described in the reading and in class to develop a flowchart for each of the following problems. Draw the diagrams by HAND, paste the solution to the Word document then submit it via Canvas as a single file.

1. Loan Repayment:

Assume you have been asked to develop a loan repayment calculator for customers. Please draw the flowchart with variable list based on the information below.

The customer needs to enter the amount they wish to borrow (PV), the loan duration in years (Years), and the interest rate (Rate). The program should calculate and then display the number of payments (NPER) and the monthly payment amount (PMT). Below are the formulas for calculating the monthly payment amount and the number of payments.

NPER = Years*12

2. Rose Tours and Travels:

Assume you have been asked to develop an algorithm for cost calculation of Rose Tours and Travels. Please draw the flowchart with variable list based on the information below.

Customers indicate their tour type (TT) and number of people in their group (NP). Based on the tour type you need to determine the Price Per Person (PPP), and based on the number of people you need to determine the discount rate (DR). Your program should then calculate the total cost before discount (TCBD), discount applied (DA), and total cost after discount (TCAD). You need to output the price per person, total cost before discount, discount applied, and total cost after discount. Below are formulas to TCBD, DA, and TCAD.

TCBD = PPP * NP

DA = TCBD * DR

TCAD = TCBD DA

The table below shows pricing for the tours offered:

Type of Tour	Price Per person
1-day tour	$75
2-day tour	$100

There are group bookings available. The discount options are shown below:

Group size	Discount offered
Between 10 and 25(both inclusive)	10%
Greater than 25	20%

3. Save for Car:

Assume you have been asked to create an application for parents who wish to save enough money to purchase a car for their child when they turn 18. Please draw the flowchart with variable list based on the information below.

Users need to enter the childs age (CA). If the user enters an incorrect age (less than 0 or greater than 18), please re-prompt the user to display an appropriate age. After entering a correct age, the user should enter the estimated cost of the car (Budget). The program should calculate the years left to save (YL) and the amount the user needs to save annually (SA). Display years left to save and the amount the user needs to save annually. Below are the formulas for calculating years left to save and the amount the user needs to save annually.

YL = CA 18

SA = Budget / YL