Hello, Need help whith this program,there are two parts.So please do both .Pleas

Question

Hello,

Need help whith this program,there are two parts.So please do both .Please add comments to all main operation so I can follow it clearly.Please create variables and not do the calculation in the cout statement .

Write a C++ program to help a prospective borrower calculate the monthly payment for a loan. The program also prints the amortization (payoff) table to show the balance of the loan after each monthly payment. I he program prompts the user to input the following: The program then creates an information summery and amortization table. Use the following formula to calculate the monthly payment of a loan. //NM: number of months to amortize loan // NY: number years to amortize loan //IM: interest rate /month (decimal) //IY: interest rate per year (percentage) //P: the value of (1 + IM)NM //Q: the value of ( P / (P -1)) // MP: monthly payment (rounded to two decimal places) // PR is the principal or the loan amount A sample output format (information and table) for the above input is shown below The main functions must call three other functions: calcMonthlyPayment printlnformation print AmortizationTable

Explanation / Answer

#include <iostream>
#include <math.h>
using namespace std;

float calcMonthlyPayment(float PR,float IY,int NY){

float IM, P, Q, MP;
int NM;
NM = NY * 12;
IM = (IY/12.0)/100.0;
P = pow(1+IM, NM);
Q = P/(P-1);
MP = (PR*IM*Q);
return MP;
}

void printInformation(float MP,float PR,float IY,int NY){
float IM = IY/12.0;
int NM = NY*12;
cout<< "Loan Amount: "<<PR<<endl;
cout<< "Interest Rate per month (IM) : "<<IM<<endl;
cout<< "Number of months (NM) "<<NM<<endl;
cout<< "Monthly Payment is: "<<MP<<endl;
}

void printAutomizationTable(float MP,float PR,float IY,int NY){

float IP, PP, Bal;
float IM = IY/12;
int NM = NY*12;
cout<<"Month Old Balance Monthly Payment Interest Paid Principal Paid NewBalance"<<endl;
for (int i = 1; i <= NM; i++){
IP = PR*IM/100;
PP = MP-IP;
Bal = PR-PP;

cout<<i<<" "<<PR<<" "<<MP<<" "<<IP<<" "<<PP<<" "<<Bal<<endl;
PR = Bal;
}
}

int main(){

float PR, IY, MP;
int NY;
cout<<"Loan Amount (principal) : ";
cin>>PR;
cout<<"Interest rate per year (percent) ";
cin>>IY;
cout<<"Number of Years? ";
cin>>NY;
MP = calcMonthlyPayment(PR,IY,NY);
printInformation(MP, PR, IY, NY);
printAutomizationTable(MP, PR, IY, NY);
return 0;
}

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