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Unformatted text preview: The Monthly payment on a loan may be calculated by the following formula): Payment = Rate * (1+ Rate) N * L ((1 + Rate) N - 1) Rate is the monthly interest rate. (input 0.123 for 12.3 %) N is the number of payment L is the amount of the loan Please write a program that asks for these values and displays a report similar to following format. Loan Amount: $ 10000.00 Monthly Interest Rate: 1.0% Number of Payments: 36 Monthly Payment: $ 332.14...
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This note was uploaded on 08/28/2011 for the course CS 140 taught by Professor Staff during the Spring '11 term at Montgomery CC.
- Spring '11