Discuss the below:
Q: 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