Question: Write a C++ function that takes the loan terms as input and prints the monthly payment and the information shown below. Below is the header
Write a C++ function that takes the loan terms as input and prints the monthly payment and the information shown below. Below is the header of the function and the output for our example loan. Your function should print all the information shown and the numbers should be right aligned. void output_short_format(double loan_amount, double interest_rate, double term_years);
Output
--------------------------------------
LOAN TERMS
--------------------------------------
Loan Amount: 150000
Interest Rate: 4.00%
Term: 15 years
----------------------------------------
Monthly payment is: 1109.53
Total interest is: 49715.74
Total amount paid is: 199715.74
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
