Question

You have just purchased a stereo system at the cost of $1,000 on the following credit plan: no down payment, an interest rate of 18% per year (and hence 1.5% per month), and monthly payments of $50. The monthly payment of $50 is used to pay the interest, and any remainder is applied to the principal. Hence, the first month you pay 1.5% of $1,000 in interest ($15). Then, the remaining $35 is deducted from the principal, which leaves a balance of $965. The next month you pay interest of 1.5% of $965.00, which is $14.48, and $35.52 (which is $50 - $14.48) is deducted from the principal.

Write a program that will tell you how many months it will take to repay the loan, as well as the total amount of interest paid over the life of the loan. You should also display the exact amount of your final payment. Be sure to use constants where appropriate. There should be no unnamed numbers in your code. Use the const modifier to declare constants for values that do not change. The interest rate is a good example.

Help me make C code.