Loan negotiation is usually not a straightforward ta, C/C++ Programming

Ask question #Minimum 1Loan negotiation is usually not a straightforward task. A type of loan is the discount installment loan. This type of loan has the following characteristics. Supposing a loan has face value of GHC 1000, interest is 14% and the duration is 24 months. The interest is compounded by multiplying the face value by 0.14 to produce GHC 140. The figure (140) is then multiplied by the loan period of 2 years to give GHC 280 as the total interest owed. This amount is immediately deducted from the face value leaving the customer with only GHC 720. Repayment is then made in monthly equal installments based on the face value. This means that the monthly payment will be GHC 1000 divided by 24 which is approximately 41.67. This method of calculating the monthly repayment is not too bad if the consumer needs only GHC 720 but the calculation is a bit complicated if the consumer needs GHC 1000
a) Write a program that takes three inputs (amount customer needs, interest rate and duration for repaying the loan) and calculates the face value that is required to generate the take home (7 marks)
b) The program should compute the monthly repayment (6 marks)
c) The program should allow the calculation to be repeated as many times as the customer wishes and critically explain the logic behind the code (7 marks)

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