compare loans with various interest rates) Write a programthat lets the user enter the loan amount and loan period in number of years anddisplays the monthly and total payments for each interest rate starting from 5% to10%, with an increment of 1/4. Here is a sample run: Loan Amount: 10000Number of Years: 5Interest Rate     Monthly Payment      Total Payment5.000%               188.71                      11322.745.250%               189.86                      11391.595.500%                191.01                      11460.70...9.750%                 211.24                      12674.5510.000%              212.47                       12748.23

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
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compare loans with various interest rates) Write a program
that lets the user enter the loan amount and loan period in number of years and
displays the monthly and total payments for each interest rate starting from 5% to
10%, with an increment of 1/4. Here is a sample run:

Loan Amount: 10000
Number of Years: 5
Interest Rate     Monthly Payment      Total Payment
5.000%               188.71                      11322.74
5.250%               189.86                      11391.59
5.500%                191.01                      11460.70
...
9.750%                 211.24                      12674.55
10.000%              212.47                       12748.23

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