Question

The monthly payment for a given loan pays the principal and the interest. The monthly interest is
computed by multiplying the monthly interest rate and the balance (the remaining principal).The
principal paid for the month is therefore the monthly payment minus the monthly interest. Write
bash script that lets the user enter the loan amount, number of years, and interest rate, and then
displays the amortization schedule for the loan.

Answer 1

Answer:

The monthly payment for a given loan pays the principal and the interest. The monthly interest is computed by multiplying the monthly interest rate and the balance (the remaining principal).The principal paid for the month is therefore the monthly payment minus the monthly interest.

Explanation:

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