Solve it in RStudio code please. Question 1. Suppose you have a loan of 1,000 euro. This is subject to an annual interest rate of 11%, compounded monthly. (This means a debt of d is d(1 + 0.11/12) after a month). You make monthly repayments of 12 euro. Use a while loop to aid you with the following questions: a) How long does it take to clear the debt (in months)? b) Draw a plot showing the amount owed every month. c) How much total interest is paid in the end? The correct answer is: Total Months = 159 and Interest Paid = 908 euros, BUT I NEED THE SCRIPT.

Solve it in RStudio code please. Question 1. Suppose you have a loan of 1,000 euro. This is subject to an annual interest rate of 11%, compounded monthly. (This means a debt of d is d(1 + 0.11/12) after a month). You make monthly repayments of 12 euro. Use a while loop to aid you with the following questions: a) How long does it take to clear the debt (in months)? b) Draw a plot showing the amount owed every month. c) How much total interest is paid in the end? The correct answer is: Total Months = 159 and Interest Paid = 908 euros, BUT I NEED THE SCRIPT.

Programming Logic & Design Comprehensive

9th Edition

ISBN:9781337669405

Author:FARRELL

Publisher:FARRELL

Chapter4: Making Decisions

Section: Chapter Questions

Problem 16RQ

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