Write a program that reads the amount of a monthly mortgage, Ask an Expert

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Write a program that reads the amount of a monthly mortgage payment and the amount still owed-the outstanding balance-and then displays the amount of the payment that goes to interest and the amount that goes to principal the amount that goes to reducing the debt). Assume that the annual interest rate is 7.49 percent. Use a named constant for the inter-est rate. Note that payments are made monthly, so the interest is only one twelfth of the annual interest of 7.49 percent.

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Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92091731

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