Write a C program to calculate monthly payment and print a table of payment schedule for a fixed rate loan.

In this C program, the input and output are defined as following:

Input : amount of loan, interest rate per year and number of payments

Output : a table of a mortization schedule (also called payment schedule) containing payment number, monthly payment, principal paid, interest paid and new balance

at each row.

monthly payments are equal. The way to calculate monthly payment and other values for each row are provided in Appendix.

The C program can be imple mented within 80 lines of code.

If your program is longer than 80 lines, you may need to think about how to simplify your program.

Hint: To print out a percentage %, please use %%. You may need to use C math library to calculate the powers of numbers.

To compile a C program using math library, you must add option lm at the end of the cc command to link math library.

Question:

1)

Implement this C program without the usage of arrays .Name the is C program as loanCalc.c

2)

Implement this C program using at least three arrays

to store the interest, principle and balance foreach payment respectively. For example , interest [0] stores the paid interest in

the first payment. Name this C program as loanCalcArr.c

3) Implement this C program using at least three arrays

to store the interest, principle and balance after each payment respectively. For example,

interest

[0]stores the paid interest in

the first payment. Besides, please use three pointers to visit the elementin

the three arrays separately.

Name this C program as loanCalcPtr.c