Write a C++ program to calculate the monthly cost of a house given the selling price, annual rate of interest, and number of years for the loan. The monthly mortgage payment may be computed using the following formula: payment = LaTeX: \frac{a\:\cdot\:i\:\cdot\:\left(1+i \right)^n}{\left(1+i\right)^n-1}a ⋅ i ⋅ ( 1 + i ) n ( 1 + i ) n − 1 where a = amount of loan i = rate of interest per compounding period (annual rate/12) n = number of compounding periods (yrs*12) Assume that: the down payment will be 20% of selling price, annual property tax rate is 1.25% of selling price, utilities will be approximately $300.00 per month, and insurance will be $550.00 per year.

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Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

The variety of games would increase due to competition, and the winnings per dollar spent would decrease.