Question: Modify this program so that the annual interest rate is not based on users input, but based on users credit score. Please include comments where
Modify this program so that the annual interest rate is not based on users input, but based on users credit score. Please include comments where the changes were made and why so I may understand. Thank you!
Below is the logic:
| Credit Score | < 400 | >=400 < 500 | >=500 < 600 | >=600 < 700 | >=700 < 800 | >=800 |
| Interest Rate | 10.0 | 8.0 | 6.0 | 4.0 | 3.5 | 3.0 |
| Enter Loan Data: | Loan Balance, Cumulative Equity, and Interest Payments | |
|---|---|---|
| Amount of the loan ($): | ||
| Annual interest (%): | ||
| Repayment period (years): | ||
| Zipcode (to find lenders): | ||
| Approximate Payments: | ||
| Monthly payment: | $ | |
| Total payment: | $ | |
| Total interest: | $ |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
