Our company provides interest free loans up to 10,000.00 to our employees. They want to generate a payment schedule. Promptforloan amount and loan payment, both in whole dollars. Calculate the numberofequal monthly payments. The balance after generating the payment schedule based on the number of equal monthly payments is the outstanding balance. Use a FOR LOOP to display the payment schedule and outstanding balance as shown below.

Our company provides interest free loans up to 10,000.00 to our employees. They want to generate a payment schedule. Promptforloan amount and loan payment, both in whole dollars. Calculate the numberofequal monthly payments. The balance after generating the payment schedule based on the number of equal monthly payments is the outstanding balance. Use a FOR LOOP to display the payment schedule and outstanding balance as shown below.

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

Problem 1PE

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Question

Exercise 3
Our company provides interest free loans up to 10,000.00 to our employees. They want to generate a payment
schedule. Prompt for loan amount and loan payment, both in whole dollars. Calculate the numberof equal
monthly payments. The balance aftergenerating the payment schedule based on the number of equal monthly
payments is the outstanding balance. Use a FOR LOOP to display the payment schedule and outstanding balance
as shown below.
Input:
:ENTER_LOAN_AMOUNT
: ENTER_LOAN_PAYMENT
5000
435
Output:
Loan Amount: $5,000.00
Loan Payment: $435.00
Equal Payments: 11
Рaynenta
Balance
4, 565.00
4,130.00
3,695.00
3, 260.00
2,825. 0e
2,390.00
1
2
1,955.00
1,520. 00
1,085.00
7
9.
10
650.00
11
215.00
Outstanding balance: $215.00

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