4.21 (Financial application: comparing loans with various interestrates) Write a

Question

4.21 (Financial application: comparing loans with various interestrates) Write a program that lets the user enter the loan amount andthe loan period in number of years and display the monthly andtotal payment for each interest rate starting from 3.5% to 8% ,with an increment of 1 / 4. if you enter the loan amount 5,000 forfive years, it will display a table as follows:

Loan Amount:5000
number of years: 5

interestRate             monthlyPayment                Total Payment

3.5%                         146.51                               5274.37
3.75%                        147.06                              5294.32
:
:
8.0%                        156.68                                5640.54

Explanation / Answer

please rate - thanks hope this isn't too much of a hint message me if any questions may need more variables #include #include #include using namespace std; int main() {double loan,month,total,rate; int years; coutloan; coutyears; total=0; rate=.035; cout

Related Questions

Navigate

• Browse (All)
• Browse 4
• Subjects

---