C program Don't Sa XB HW2-S x9 My Disc xO assembl XOC Progra X(A) Respons Xd Kieta Ha x4341/viewContent/46295972/Viewapter2-1 -.4) Implement this C progranm vy defining a structure for each payment. The structureshould haveleast three members for the interest, principle and balanceseparately. And store all the payments in a structure array (the max size of whichcould be 100). Name this C program as loanCalcStruct.c.Note:• In your answer sheet, for each C program above please attach a screenshot of the output whenamount of loan is $2000, interest rate per year is %7.5 and number of payment is 6.Put the source code of each C program above into your answer sheet.Upload the c file of each C program above into the submission folder of iCollege.bmssion: "d21/le/content/2354341/viewContent/46295972/ViewMaps B w1-chapter2-1 -.Appendix:1. Calculating the monthly payment.(Note: The following instruction is from http://www.vertex42.com/ExcelArticles/amortization-calculation.html )The formula for calculating the payment amount is shown below.r(1+r)"A = BC (1 +r)" – 1whereA=payment Amount per period (monthly payment)B = initial Balance (loan amount)r = interest rate per periodn= total number of payments or periodsExample 1: What would the monthly payment be on a 5-year, $20,000 car loan with anominal 7.5% annual interest rate?B = $20,000 ·r = 7.5% per year / 12 months = 0.625%= 0.00625 per periodn = 5 years * 12 months = 60 total periods%3D%3D0.00625 (1+0.00625 )60(1+0.00625 )60–1A = 20000 *= 400.76

Here is the code with output:-#include<stdio.h>#include<math.h>void output_amortized(float loan_amount,float intrest_rate,int term_years){ int i,j; //Month int payments; //Number of payments float loanAmount; //Loan amount float anIntRate; //Yealy interest Rate float monIntRate; //Monthly interest rate float monthPayment; //Monthly payment float balance; //Balance due float monthPrinciple; //Monthly principle paid float monthPaidInt; //Month interest paid balance=loan_amount; //Calculations //Monthly interest rate monIntRate = ((intrest_rate/(100*12))); //Monthly payment payments=term_years; monthPayment = (loan_amount * monIntRate * (pow(1+monIntRate, payments)/(pow (1+monIntRate, payments)-1))); monthPaidInt = balance * monIntRate; //Amount paid to principle monthPrinciple = monthPayment-monthPaidInt; //New balance due balance = balance - monthPrinciple; printf("\n\nMonthly payment should be :%.2f\n\n",monthPayment); printf("============================AMORTIZATION SCHEDUAL==========================\n"); printf("#\tPayment\t\tIntrest\t\tPrinciple\t\tBalance\n"); for(i=0;i<payments;i++) { printf("%d%9c%.2f%9c%.2f%16c%.2f%14c%.2f\n",(i+1),'$',monthPayment,'$',monthPaidInt,'$',monthPrinciple,'$',balance); monthPaidInt = balance * monIntRate; //Amount paid to principle monthPrinciple = monthPayment-monthPaidInt; //New balance due balance = balance - monthPrinciple; }}int main(){ float principle,rate; int termYear; printf("Enter the loan amount: $"); scanf("%f",&principle); printf("Enter the intrest rate :%"); scanf("%f",&rate); printf("Enter the loan duration in years: "); scanf("%d",&termYear); output_amortized(principle,rate,termYear);}Output:-