Framework) is used for this:
In this assignment, you create a program to compute a loan
payments:
1. Monthly Payment
2. How much of is used for interest after each monthly
payment
3. How much of is used for principal after each monthly
payment
4. The balance of the loan after each monthly payment
5. Display the month number and all of the above items as a
line in a list box for each month.
All computations are done on monthly basis.
Input Data:
- Input
Variables
- Output
Variables
That should be enough to follow the instructions
carefully.
Screenshot 1
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Here is a screenshot of Form layout when program is running: a . Yourname - Assignment4 - Loan 1 Х Amount of Loan 450000 Number of Years 30 Annual Interest Rate 7.5 Month Payment To Interest To Principal Balance 0001 $3.146.47 $2.812.50 $333.97 $449.666.03 0002 $3.146.47 $2,810.41 $336.05 $449,329.98 0003 $3.146.47 $2.808.31 $338.15 $448.991.83 0004 $3.146.47 $2.806.20 $340.27 $448,651.56 0005 $3.146.47 $2,804.07 $342.39 $448,309.17 0006 $3.146.47 $2.801.93 $344.53 $447.964.64 0007 $3.146.47 $2.799.78 $346.69 $447,617.95 0008 $3,146.47 $2,797.61 $348.85 $447,269.10 0009 $3.146.47 $2.795.43 $351.03 $446,918.06 0010 $3.146.47 $2.793.24 $353.23 $446,564.84 0011 $3,146.47 $2,791.03 $355.44 $446.209.40 Calculate Clear input Exit