Question: Using C++. A college student borrows $5000 with a simple interest rate of 1% per month to pay his tuition, after calculating the monthly expenses

Using C++. A college student borrows $5000 with a simple interest rate of 1% per month to pay his tuition, after calculating the monthly expenses he noticed that he can only pay $60 per month against the loan. Write a program that calculates and prints the interest, the principal, and the balance on the loan each month. The student wants to know the number of years and months it will take to pay the loan back and the total amount of interests he has paid in the loan period

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