calculate the periodic payments and the unpaid balance after certain payments.
Max Function
Statistical function is of many categories. One of them is a MAX function. The MAX function returns the largest value from the list of arguments passed to it. MAX function always ignores the empty cells when performing the calculation.
Power Function
A power function is a type of single-term function. Its definition states that it is a variable containing a base value raised to a constant value acting as an exponent. This variable may also have a coefficient. For instance, the area of a circle can be given as:
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Example of expected output:
Enter (Y/y) to find the periodic payment and unpaid balance after certain payments: y Enter the loan amount: 20000 Enter the interest rate per year as a percentage: 2.75 Enter the number of payments per year: 12 Enter the number of years for the loan: 30 The periodic payment is: 81.65 Enter the number of payments made: 20 The unpaid balance after 20 payment(s) is : 19267.89 Enter (Y/y) to find the periodic payment and unpaid balance after certain payments: n
Format your output with setprecision(2) to ensure the proper number of decimals for testing!
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