Question
A student took a loan with a yearly interest, applied yearly after their graduation. The student makes one payment at the end of each year
A student took a loan with a yearly interest, applied yearly after their graduation. The student makes one payment at the end of each year to repay his loan. The yearly payment is made after the interest charge is applied. Develop an algorithm in the form of Raptor flowchart called my_loan.rap to compute and print the following: 1. The loan balance owed by the end of the second year after graduation (after the yearly payment and application of interest charges). 2. The total interest charge accumulated by the end of the second year after graduation. 3. The total amount the student paid by the end of the second year, after graduation, towards the repayment of the loan The loan amount, the yearly interest rate and the yearly payment are provided as inputs to the algorithm.
How to raptor flowchart with this?
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