Programming Homework Help

A mortgage company likes to be able to decide on 3 interest rates for new loan applicants as follows: interest rate of 4% for “high risk” applicants, and interest rate of 2.5% for “low risk” applicants, and interest rate of 1.5% for “no risk” applicants. You are being asked to lead this project. Provide a comprehensive end-to-end plan for this project. Include all the necessary steps from the beginning to the end. Make any necessary assumptions and define notations. Give a comprehensive description of the algorithm(s) as well as the related formulas you will use for this project (this is the fundamental part of your role in this project). Provide a detail description of the algorithm and how does it work. Please put your answer in the format of Step 1, Step 2 …