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

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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(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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ISBN:
9781133187844
Author:
Bronson, Gary J.
Publisher:
Course Technology Ptr