Question
Write a program that calculates the monthly payment amount and total interest that will be paid on a car loan. Prompt the user to
Write a program that calculates the monthly payment amount and total interest that will be paid on a car loan. Prompt the user to enter the principle amount of the loan, the interest rate of the loan, and the loan duration in months. Then, calculate and display the monthly payment amount and total interest that will be paid on the loan using the given formulas. Make sure to check that the input makes sense, and display a message to the user if it doesn't. Formulas: monthly payment = (amount of loan * monthly interest rate) / 1 (1 + monthly interest rate)^-duration monthly interest rate= annual rate / 1200 total interest = duration monthly payment - loan amount
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
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