Mortgage bond L, interest rate r =15%. The fixed payments P to pay off the loan over N years is given by P= rL(1+r/12)^12N/12(1+r/12)^12N -1) a)Write a code to compute and print P if N = 20 and the bond is $50,000 b) how P changes with N . Can you find a value for which the payment is less than $625? c) go back to N =20 and examine for different interest rate . Raising the interest rate increase the payment by $37?

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Types of Loop

Loops are the elements of programming in which a part of code is repeated a particular number of times. Loop executes the series of statements many times till the conditional statement becomes false.

Loops

Any task which is repeated more than one time is called a loop. Basically, loops can be divided into three types as while, do-while and for loop. There are so many programming languages like C, C++, JAVA, PYTHON, and many more where looping statements can be used for repetitive execution.

While Loop

Loop is a feature in the programming language. It helps us to execute a set of instructions regularly. The block of code executes until some conditions provided within that Loop are true.