C program 12:20al 5Gº Od2/le/content/2354341/viewContent/46295972/ViewMaps O w1-chapter2-1Appendix: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 = B(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 = $20,000r = 7.5% per year / 12 months = 0.625%= 0.00625 per periodn = 5 years * 12 months = 60 total periods0.00625 (1+0.00625 )60A = 20000 *= 400.76(1+0.00625 )60-1 12:19al 5Gº ODon't S xO HW2O assemb x C Progr. xMy Disc x(A) Respons xd Kieta H4341/viewContent/46295972/Viewapter2-14) Implement this C progran vý defining a structure for each payment. The structureshould have at least 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 mumber 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:

Start. Initialize the variables. Perform the calculation. Print the result. Exit.#include<stdio.h> #include <math.h>int main() { float A , B , r , n ; B = 20000, r = 0.00625, n = 60; float t = 1 + r; A = B * ((r*pow((double)t, n))/(pow((double)t, n) - 1)); printf("\nMonthly payment is : %f", A); return (0); }Input: B = 20000, r = 0.00625, n = 60 Output: Monthly payment is: 400.757721