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Using C++ program to calculate loan repayment and amortization

zara7 asked:

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Write a menu driven program, which would compute compound interest and a monthly payment for a loan. The user will be given a choice to display the info on the screen or to a file.
Menu will be doing the following:
Enter (1) to calculate your loan monthly payment
Enter (2) to calculate your loan monthly payment & write to a file
Compound Interest Formula
A = P(1 + r/n)^n*t
P = principal amount (the initial amount you borrow or deposit)
r = annual rate of interest (as a decimal)
t = number of years the amount is deposited or borrowed for.
A = amount of money accumulated after n years, including interest
n = number of times the interest is compounded per year
The program will be displaying something like the following:
Borrower’s Name:
Borrower’s Address:
Borrower’s Phone:
Loan Amount:
Interest Rate (APR):
Fixed Monthly Payment:
Note – always with the option to display in a file or on the screen.

What I have tried:

I have tried to create a function A to get input and pass it to function B to calculate.
Tags: C++

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