DO YOUR OWN CODING4) Implement this C program by defining a structure for each payment. The structureshould have at least three members for the interest, principle and balanceseparately. And store all the payments in a structure array (the max size of whichcould be 100). Name this C program as loanCalcStruct.c . Write a C program to calculate monthly payment and print a table of payment schedule for afixed rate loan, which performs a similar task as in the link below:http://www.bankrate.com/calculators/mortgages/loan-calculator.aspxIn this C program, the input and output are defined as following:Input: amount of loan, interest rate per year and number of paymentsOutput: a table of amortization schedule (also called payment schedule) containingpayment number, monthly payment, principal paid, interest paid and new balance at eachrow.The attached screenshot below shows a sample of the output.Yuans-MacBook-Pro:PC yuanlong$ ./loanCalcEnter amount of loan : $ 500Enter Interest rate per year : % 7.5Enter number of payments : 5Montly payment should be 101.88=AMORTIZATION SCHEDULE===Principal$98.76$99.38$100.00$100.62$101.25BalancePayment$101.88$101.88$101.88$101.88$101.88Interest$3.12$2.51$1.89$1.26$0.63$401.24$301.87$201.87$101.25$0.00 Note:monthly payments are equal. The way to calculate monthly payment and other values foreach row are provided in Appendix.The C program can be implemented within 80 lines of code. If your program is longerthan 80 lines, you may need to think about how to simplify your program.Hint: To print out a percentage %, please use %%. You may need to use C math library tocalculate the powers of numbers. To compile a C program using math library, you must addoption Im at the end of the cc command to link math library. E.g. gcc -o test test.c -Im

Implement this C program by defining a structure for each payment. The structure should have at least three members for the interest, principle and balance separately. And store all the payments in a structure array (the max size of which could be 100). Name this C program as loanCalcStruct.c .

Implement this C program by defining a structure for each payment. The structure should have at least three members for the interest, principle and balance separately. And store all the payments in a structure array (the max size of which could be 100). Name this C program as loanCalcStruct.c .

C++ for Engineers and Scientists

4th Edition

ISBN:9781133187844

Author:Bronson, Gary J.

Publisher:Bronson, Gary J.

Chapter13: Structures

Section13.2: Arrays Of Structures

Problem 3E

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