compare loans with various interest rates) Write a programthat lets the user enter the loan amount and loan period in number of years anddisplays the monthly and total payments for each interest rate starting from 5% to10%, with an increment of 1/4. Here is a sample run: Loan Amount: 10000Number of Years: 5Interest Rate Monthly Payment Total Payment5.000% 188.71 11322.745.250% 189.86 11391.595.500% 191.01 11460.70...9.750% 211.24 12674.5510.000% 212.47 12748.23

compare loans with various interest rates) Write a programthat lets the user enter the loan amount and loan period in number of years anddisplays the monthly and total payments for each interest rate starting from 5% to10%, with an increment of 1/4. Here is a sample run: Loan Amount: 10000Number of Years: 5Interest Rate Monthly Payment Total Payment5.000% 188.71 11322.745.250% 189.86 11391.595.500% 191.01 11460.70...9.750% 211.24 12674.5510.000% 212.47 12748.23

C++ for Engineers and Scientists

4th Edition

ISBN:9781133187844

Author:Bronson, Gary J.

Publisher:Bronson, Gary J.

Chapter5: Repetition Statements

Section: Chapter Questions

Problem 7PP

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