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Create a C# console application with the following guidelines. Context: The application that you will be creating will allow the users to enter their various
Create a C# console application with the following guidelines.
Context: The application that you will be creating will allow the users to enter their various Motor
Vehicle arrangementsto buy or hire and have their expenses calculated.
The program should complete the following objectives.
The application must first obtain the users monthly gross income. And then their monthly tax
deductions by subtracting the then you will get the users net income. Next the application must
gather the users expenditures for the motor vehicle: fuel, insurance, parking fees and maintenance
costs, all of the expenses needs to be stored in an array.
Once the program has collected the above information from the user, the user needs to choose
between buying or hiring a Motor Vehicle. If the user chooses hiring the program should ask the user
for hiring cost per month, the program should display the users gross income, the net income and the
amount left after all expenses are paid in this case hiring is also an expense
If the user chooses to buy the motor vehicleassuming they obtained a loan from the bank they need
to enter the following informationpurchase price of the motor vehicle, total deposit, interest rate in
percentage, number of months to repay between and months the application should then
calculate the monthly motor vehicle loan repayment on the motor vehicle based on the values the user
entered. If the motor vehicle loan is more than a third of the user gross income the program should
prompt the user approval is unlikely.
The application should display the users gross income, the net income and the amount left after all
expenses are paid in this case the motor vehicle loan is part of the expenses. Create an abstract class
expense from which motor vehicle loan etc can be derived. Store expenses in an array
YOU ARE REQUIRED TO USE CLASSES AND INHERITANCE.
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