Write a Fortran program that displays an amortization schedu

Write a Fortran program that displays an amortization schedule. The program should read the loan amount, annual interest rate, and the loan term in months (from a single line). Loan amounts shall not exceed $250,000 and the maximum loan term shall not exceed 360 months. Be sure to follow the requirement that the three input variables will be formatted on a single line.

Solution

Amortization Schedule: An amortization schedule is a table detailing each periodic payment on an amortizing loan , as generated by an amortization calculator. Amortization refers to the process of paying off a debt over time through regular payments.

program:

! amortization.f

! performs regular payments using the amortization schedule.

!construct a table of A=Pr(1+r)ⁿ/(1+r)ⁿ-1 for the values of P,A,R,N

!r from 1 to n in steps of.n+1

real :: p,a,n,r

   print *, \' a \'

do n=1,2

  print *, a

   end do

   end program amortization