The monthly payment for a givenloan pays the principal and the interest. The monthly interest is computed by multiplyingthe monthly interest rate and the balance (the remaining principal). The principalpaid for the month is therefore the monthly payment minus the monthly interest.Write a program that lets the user enter the loan amount, number of years, and interestrate then displays the amortization schedule for the loan. Here is a sample run:   Loan Amount: 10000 ↵EnterNumber of Years: 1 ↵EnterAnnual Interest Rate: 7 ↵EnterMonthly Payment: 865.26Total Payment: 10383.21Payment#     Interest    Principal       Balance1                   58.33     806.93           9193.072                   53.62     811.64           8381.43...11                10.00       855.26          860.2712                 5.01        860.25          0.01

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Variables and Constant

Constants and variables are widely used in mathematical equations and expressions. They are also commonly found in the domain of programming, where each language has its own way to differentiate between a constant and a variable. Since they have all sorts of applications, knowing their differences is a good place to start.