0

payment (real) and the number of years for the loan (integer). Calculate and output

the monthly payment (real) of that car. Assume the sales tax rate is 7% and an

interest rate is 9%. Use constant declarations for these rates.

Use the following formulae to perform the calculations:

tax amount = price of car * sales tax rate

total cost of car = price of car + tax amount

borrowed amount = total cost of car ‐ down payment

interest amount = borrowed amount * interest rate

loan amount = borrowed amount + interest amount

monthly payment = loan amount / number of months of loan