Problem Statement: You are required to write a program that lets the user enter the loan amount and loan period in number of years and displays the monthly and total payments for each interest rate starting from 3.50% to 8.00%, with an increment of 0.25. If you enter the loan amount 5,000 for five years, it will display a table as follows:
What is the main purpose of developing this program? Elaborate your steps to solve the problem and determine the input, process and output for the program. Finally write a pseudo-code and draw a flowchart to solve this problem.
Unfortunately, your question requires a lot of work and cannot be done for free. Submit it with all requirements as an assignment to our control panel and we'll assist you.