A sliding payment schedule involves payment that changes by a fixed percentage over the life of the loan. Write a sliding payment version of the payment schedule calculator in exercise 8. In addition to all the inputs described above, the subroutine will get a payment rate of change (as percentage) from the user. This is what it should look like in action:

Transcribed Image Text:

Payment Schedule Calculator Sum of loan £10,000.00 Payment £2,000.00 Rate 10.00% Payment rate 10.00% Period Balance £10,000.00 £09,000.00 £07,700.00 £06,050.00 £03,993.00 £01,464.10 Payment £02,000.00 £02,200.00 £02,420.00 £02,662.00 £02,928.20 £01,610.51 Capital £01,000.00 £01,300.00 £01,650.00 £02,057.00 £02,528.90 £01,464.10 Interest £01,000.00 £00,900.00 £00,770.00 £00,605.00 £00,399.30 £00,146.41 OK 1234 S6