Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please use Visual Basic and include the name and text you use for each. 3. Car Loan Write a program to analyze a car loan.

Please use Visual Basic and include the name and text you use for each. image text in transcribed
image text in transcribed
3. Car Loan Write a program to analyze a car loan. See Fig. 4.68. The user should enter the amount of the loan, the annual percentage rate of interest, and the duration of the loan in months. When the user clicks on the button, the information that was entered should be checked to make sure it is reasonable. If bad data have been supplied, the user should be so advised. Otherwise, the monthly payment and the total amount of interest paid should be displayed. The formula for the monthly payment is monthly payment 1-(1 + where p is the amount of the loan, r is the monthly interest rate (annual rate divided by 12) given as a number between 0 (for 0%) and 1 (for 100%), and n is the duration of the loan in months. The formula for the total interest paid is total interest = n. [monthly payment]-p

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Database Concepts

Authors: David M Kroenke, David J Auer

6th Edition

0132742926, 978-0132742924

More Books

Students also viewed these Databases questions