Programmers use conditional statements to O set parameters for input data format O complete a set of steps in a linear order O determine whether the program's goals are met O instruct the program to make decisions

Question 2

Alert dont submit AI generated answer.

Inputs of mortgage calculator that determines a monthly payment for loans and produces an amortization schedule for the life of the loan(10-15-20) years fixed loan with 4.5% interest rate and Principal 100000$. The program should initially prompt the user for 1) the principal of the loan. 2)It should then ask him or her to enter an annual interest rate for the loan. 3)The final input should be the number of years that the loan will be outstanding.  Because the company only offers three different terms (10-, 15-, and 30-year loans), the program should ensure that no other terms are entered. P = $100,000 r = 4.50% per year / 12 months = 0.375% (or 0.00375) per period n = 15 years * 12 months = 180 total periods A = 100,000 * (.00375 * (1 + .00375)180)/((1+.00375)180 – 1) Using these numbers in the formula above yields a monthly payment of $764.99. Amortization schedule: The Interest portion of the payment is calculated as the rate (r) times the previous balance and should be rounded to…