Computers and Technology

Problem 1: Financial Application The monthly payment for a given loan pays the principal and the interest. The monthly interest is computed by multiplying the monthly interest rate and the balance (the remaining principal). The principal paid for the month is therefore the monthly payment minus the monthly interest. Write a program that lets the user enter the loan amount, number of years, and interest rate and displays the amortization schedule for the loan. Output answers in decimal form to two places. Your program should allow the user to repeat this calculation as often as the user wishes (handle both upper and lower case Y and N). Input Validation: Do not accept negative values for loan amount, number of years and interest rate.

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Problem 1: Financial Application The monthly payment for a given loan pays the principal and the int...

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