using c++. A stereo system price is $1000, the customer has the option to buy it cash or on a scheduled payment plan as follows:

no down payment, an interest rate of 18% (1.5% per month), and a monthly payment of $50. The monthly payment of $50 is scheduled pay. So, in the first-month customer pays 1.5% of $1000 interest which would be $15 interest. The remaining $35 is deducted from the debt, which leaves with a debt of $965.00. The next month the interest of 1.5% of $965.00, which is $14.48, you can deduct $35.52 (which is $50 14.48) from the amount due. Write a program that prints how many months it will take to pay off the loan, as well as the total number of interests paid over the life of the loan. Use a loop to calculate the amount of interest and the amount of debt after each month. (Hint, be careful with the amount of payment if the remaining balance due is less than $50.00.)