Here are my Instructions for my C++ Program Exercise Write a program that accepts as input: 1. The loan amount 2. The interest rate per year 3. The monthly payment.(Enter the interest rate as a percentage. For example, if the interest rate is 7.2% per year, then enter 7.2.)The program then outputs the number of months it would take to repay the loan.(Note that if the monthly payment is less than the first month’s interest, then after each payment, the loan amount will increase.) In this case, the program must warn the borrower that the Monthly payment is too low. The loan cannot be repaid. I'm not sure how to work this problem. I'm a little confused which looping parameter to use. Can someone help me?

Here are my Instructions for my C++ Program Exercise Write a program that accepts as input: 1. The loan amount 2. The interest rate per year 3. The monthly payment.(Enter the interest rate as a percentage. For example, if the interest rate is 7.2% per year, then enter 7.2.)The program then outputs the number of months it would take to repay the loan.(Note that if the monthly payment is less than the first month’s interest, then after each payment, the loan amount will increase.) In this case, the program must warn the borrower that the Monthly payment is too low. The loan cannot be repaid. I'm not sure how to work this problem. I'm a little confused which looping parameter to use. Can someone help me?

C++ for Engineers and Scientists

4th Edition

ISBN:9781133187844

Author:Bronson, Gary J.

Publisher:Bronson, Gary J.

Chapter4: Selection Structures

Section4.3: Nested If Statements

Problem 7E

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