Create a windows application to determine how many months

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Reference no: EM131086219

Create a Windows application to determine how many months it will take to pay off a loan. The user will enter the loan amount, the annual interest rate, and the monthly payment. For example, suppose the loan amount is $1000 at 12% annual interest with monthly payments of $100. Each month you pay interest on the remaining balance. The interest rate is 1% per month, so the first month you pay $10 interest and $90 goes to reduce the balance to $910. The next month's interest is $9.10, and $90.90 is applied to reduce the balance, and so on. The last month's payment may be less than $100.

Reference no: EM131086219

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