Question: Write a C program to calculate monthly payment and print a table of payment schedule for a fixed rate loan, which performs a similar task

 Write a C program to calculate monthly payment and print a

table of payment schedule for a fixed rate loan, which performs a

Write a C program to calculate monthly payment and print a table of payment schedule for a fixed rate loan, which performs a similar task as in the link below: www.bankrate.com/calculators/mortgages/loan-calculator.as In this C program, the input and output are defined as following: Input: amount of loan, interest rate per year and number of payments Output: a table of amortization schedule (also called payment schedule) containing pavment number, monthly pavment, principal paid, interest paid and new balance at each row The attached screenshot below shows a sample of the output. uans-MacBook-Pro: PC yuan Long$ ./LoanCalc nter amount of loan : $ 500 nter Interest rate per year 7.5 nter number of payments 5 ontly payment should be 101.88 EsEEs2ss2s2AMORTIZATION SCHEDULE sszss 2zsEss Payment $101.88 $101.88 $101.88 $101.88 101.88 Principal $98.76 $99.38 $100.00 $100.62 Interest $3.12 $2.51 $1.89 $1.26 Balance $401.24 $301.87 $201.87 $101.25 $0.00 101.25 Note monthly payments are equal The way to calculate monthly payment and other values for each row are provided in Appendix. The C program can be implemented within 80 lines of code. Ifyour program is longer than 80 lines, you may need to think about how to simplify your program. Hint: To print out a percentage 96, please use 96%. You may need to use C math library to calculate the powers of numbers. To compile a C program using math library, you must add option lm at the end of the cc command to link math library. E.g. gec -o test test.c -Im

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