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- LOAN DEBT PAYMENT
-
- THIS PROGRAM COMPUTES THE AMOUNT REQUIRED AS A
- MONTHLY PAYMENT TO PAY OFF A LOAN IN A GIVEN
- NUMBER OF PAYMENTS IF THE NOMINAL INTEREST RATE
- IS KNOWN.
-
- PRESS ENTER WHEN READY TO BEGIN?
- WHAT IS THE AMOUNT OF THE LOAN ? 123456
- HOW MANY PAYMENTS ARE NEEDED ? 360
- WHAT IS THE NOMINAL INTEREST RATE(%)? 3.75
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- MONTHLY PAYMENT EQUALS $571.74
- INPUT 0 TO END,1 FOR NEW LOAN,2 FOR NEW INTEREST RATE? 0
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