I need help!! Writing a long pseudocode for a modular program that will display the monthly payment on a mortgage. P=Principal amount borrowed (loan)R=Rate of interest computed for each monthN=Number of months to pay back the loan or mortgageThe help I need is creating a module that you can input the principle, rate of percentage, and years to repay the loan, and another module "displaypayment" that accepts the 3 values and calculates the monthly payment needed for the rates. Lastly 2 local variables needed!Equation:Monthly Payment=[(R*(1+R)^N)/((1+R)^N-1)]*P
I need help!! Writing a long pseudocode for a modular program that will display the monthly payment on a mortgage. P=Principal amount borrowed (loan)R=Rate of interest computed for each monthN=Number of months to pay back the loan or mortgageThe help I need is creating a module that you can input the principle, rate of percentage, and years to repay the loan, and another module "displaypayment" that accepts the 3 values and calculates the monthly payment needed for the rates. Lastly 2 local variables needed!Equation:Monthly Payment=[(R*(1+R)^N)/((1+R)^N-1)]*P
Chapter6: Using Arrays
Section: Chapter Questions
Problem 7E
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I need help!! Writing a long pseudocode for a modular program that will display the monthly payment on a mortgage.
P=Principal amount borrowed (loan)
R=Rate of interest computed for each month
N=Number of months to pay back the loan or mortgage
The help I need is creating a module that you can input the principle, rate of percentage, and years to repay the loan, and another module "displaypayment" that accepts the 3 values and calculates the monthly payment needed for the rates. Lastly 2 local variables needed!
Equation:
Monthly Payment=[(R*(1+R)^N)/((1+R)^N-1)]*P
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