Write a C program that will calculate the total payment for a brand new car being purchased on installment. The user will input the car price, amount of downpayment made (for 0% to 80% of the car price), interest rate per annum (from 5% to 20%, can be fractional up to 2 decimal places), and the number of months of amortization (12, 24, 36, 48 or 60). Show a summary of the details inputted by the user together with the amount to be financed and the monthly amortization cost. Dispaly a running tally per month of the number of months paid, the total amortization paid (in pesos), and the total running cost of the car. Please provide comments if possible so that i could follow your code easily :)

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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Write a C program that will calculate the total payment for a brand new car being purchased on
installment. The user will input the car price, amount of downpayment made (for 0% to 80% of the
car price), interest rate per annum (from 5% to 20%, can be fractional up to 2 decimal places), and
the number of months of amortization (12, 24, 36, 48 or 60). Show a summary of the details inputted
by the user together with the amount to be financed and the monthly amortization cost. Dispaly a
running tally per month of the number of months paid, the total amortization paid (in pesos), and the
total running cost of the car. Please provide comments if possible so that i could follow your code
easily :)
Transcribed Image Text:Write a C program that will calculate the total payment for a brand new car being purchased on installment. The user will input the car price, amount of downpayment made (for 0% to 80% of the car price), interest rate per annum (from 5% to 20%, can be fractional up to 2 decimal places), and the number of months of amortization (12, 24, 36, 48 or 60). Show a summary of the details inputted by the user together with the amount to be financed and the monthly amortization cost. Dispaly a running tally per month of the number of months paid, the total amortization paid (in pesos), and the total running cost of the car. Please provide comments if possible so that i could follow your code easily :)
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