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(Solved): Based on the above programming problem: i. Analyse the problem to identify required items t ...



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Based on the above programming problem:
i. Analyse the problem to identify required items to be used in designing algorithm

REQUIREMENT You are required to design a program that allows user to see several options of interest rates and their respective monthly payments. The program must be able to prompt for a loan amount and its period in number of years. Then it displays the monthly and total payments for each interest rate starting from to , with an increment of 0.5 . Calculation must be done using the following formula: where, For example, if you enter the loan amount 10,000 for seven years, it will display a table as follows:


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