Here are my Instructions for my C++ Program Exercise Write a program that accepts as input: 1. The loan amount 2. The interest rate per year 3. The monthly payment.(Enter the interest rate as a percentage. For example, if the interest rate is 7.2% per year, then enter 7.2.)The program then outputs the number of months it would take to repay the loan.(Note that if the monthly payment is less than the first month’s interest, then after each payment, the loan amount will increase.) In this case, the program must warn the borrower that the Monthly payment is too low. The loan cannot be repaid. I'm not sure how to work this problem. I'm a little confused which looping parameter to use. Can someone help me?
Operations
In mathematics and computer science, an operation is an event that is carried out to satisfy a given task. Basic operations of a computer system are input, processing, output, storage, and control.
Basic Operators
An operator is a symbol that indicates an operation to be performed. We are familiar with operators in mathematics; operators used in computer programming are—in many ways—similar to mathematical operators.
Division Operator
We all learnt about division—and the division operator—in school. You probably know of both these symbols as representing division:
Modulus Operator
Modulus can be represented either as (mod or modulo) in computing operation. Modulus comes under arithmetic operations. Any number or variable which produces absolute value is modulus functionality. Magnitude of any function is totally changed by modulo operator as it changes even negative value to positive.
Operators
In the realm of programming, operators refer to the symbols that perform some function. They are tasked with instructing the compiler on the type of action that needs to be performed on the values passed as operands. Operators can be used in mathematical formulas and equations. In programming languages like Python, C, and Java, a variety of operators are defined.
Here are my Instructions for my C++
Write a program that accepts as input:
1. The loan amount
2. The interest rate per year
3. The monthly payment.
(Enter the interest rate as a percentage. For
example, if the interest rate is 7.2% per
year, then enter 7.2.)
The program then outputs the number of
months it would take to repay the loan.
(Note that if the monthly payment is less
than the first month’s interest, then after
each payment, the loan amount will
increase.)
In this case, the program must warn the
borrower that the Monthly payment is too
low. The loan cannot be repaid.
I'm not sure how to work this problem. I'm a little confused which looping parameter to use. Can someone help me?
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