Question
You have saved $500 to use as a down payment on a car. Before beginning your car shopping, you decide to write a program to
You have saved $500 to use as a down payment on a car. Before beginning your car shopping, you decide to write a program to help you figure out what your monthly payment will be, given the car's purchase price, the monthly interest rate, and the time period over which you will pay back the loan. Write in C program.
The formula for calculating your payment: ip
payment = _______________
1-(1-i)-n
where
p = principle (the amount you borrow)
i = monthly interest rate (1/12 of the annual rate)
n= total number of payments
Requirement:
1) Input and outpout will be read and displayed in the main
2) The payment formula will be in a function with the input values as input arguments and the result as a return type
3) Great Documentation as discussed
4) Variables names that are meaningful
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