Please apply the following formula below to the program so it works correctly!
The following formula is used to calculate the fixed monthly payment (P) required to fully amortize a loan of L dollars over a term of n months at a monthly interest rate of c. [If the quoted rate is 6%, for example, c is .06/12 or .005].
P = L[c(1 + c)n]/[(1 + c)n - 1]
I am currently getting the following errors
Number found where operator expected at calc.cgi line 38, near "#P = Lr(1+r/1200"
(Might be a runaway multi-line // string starting on line 15)
(Do you need to predeclare P?)
Unquoted string "n" may clash with future reserved word at mor_calc.cgi line 38.
Unquoted string "r" may clash with future reserved word at mor_calc.cgi line 38.
Unquoted string "n" may clash with future reserved word at mor_calc.cgi line 38.
Scalar found where operator expected at mor_calc.cgi line 39, near "$num_months"
(Missing semicolon on previous line?)
syntax error at mor_calc.cgi line 38, near "P = Lr(1+r/1200"
Missing right curly or square bracket at mor_calc.cgi line 61, at end of line
Execution of calc.cgi aborted due to compilation errors.
Write a mortgage calculator PERL(.cgi) program that asks the user for the following information:
1. Loan amount
2. Number of years
3. Percent per year compound interest
Use the following formula to determine the total amount of each payment:
n = months * 12
r = percent per year compound interest
L = loan amount
P = Lr(1+r/1200)^n/[1200{(1+r/1200)^n - 1}]
The program must include a...
1. An array
2. A print function
3. One conditional component
4. One subroutine
Example:
If the loan was $20,000 over 15 years at 12 percent the repayment would be $240.08