The problem is from Introduction to Programming and Data Structures with C++, 4th edition (Financial application: compare loans with various interest rates) Write a program that lets the user enter the loan amount and loan period in number of years and displays the monthly and total payments for each interest rate starting from 5% to 8%, with an increment of 1/8. Sample Run Loan Amount: 10000 Number of Years: 5 Interest Rate Monthly Payment Total Payment 5.000% 188.71 11322.74 5.125% 189.28 11357.13 5.250% 189.85 11391.59 ... 7.875% 202.17 12129.97 8.000% 202.76 12165.83

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
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The problem is from Introduction to Programming and Data Structures with C++, 4th edition

(Financial application: compare loans with various interest rates)

Write a program that lets the user enter the loan amount and loan period in number of years and displays the monthly and total payments for each interest rate starting from 5% to 8%, with an increment of 1/8.

Sample Run

Loan Amount: 10000
Number of Years: 5

Interest Rate Monthly Payment Total Payment
5.000% 188.71 11322.74
5.125% 189.28 11357.13
5.250% 189.85 11391.59
...
7.875% 202.17 12129.97
8.000% 202.76 12165.83

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