Question: write the coding on c++ based on the question and output below:. You just bought a car worth RM 55,000 on a credit loan as

write the coding on c++ based on the question and output below:.

write the coding on c++ based on the question and output below:.

You just bought a car worth RM 55,000 on a credit loan as follows: 1) Advance payment = 0, 2) Interest rate 3% per annum (0.25% per month) 3) Monthly payment of RM 650. Example calculation: In the first month, you pay interest of 0.25% of RM 55.000, which is RM 137.50. Since your monthly payment is RM 650.only RM 512.50 is used to pay off your debt. Your debt balance after the first month is RM 54.487.50. In the following month you pay 0.25% interest from RM 54,487.50 which is RM 136.20. RM 513.80 is used to pay off your debt. Your outstanding balance after the second month is RM 53.973.70 Write a program that will tell you how many months it takes to repay the loan, as well as the amount of interest paid over the life of the loan. Use loops to calculate interest rates and debt measurements after each month EXPECTED OUTCOME what is the price of the car?: RM 55eee what was the yearly interest rate as a percentage offered by the Bank: 3 Enter a monthly payment amount greater than RM 137.5 : RM 650 The remaining loan amount is to be paid on the last month which will be: RM 121.66 It will take you 95 months to repay the loan. The total Interest paid for the loan was: RM 6872 Process exited after 7.368 seconds with return value @ Press any key to continue

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