Modify the program below such that it asks users to enter 2different loans this time and uses a function calledinitialize_loan to initialize each loan struct. The program shouldalso compute and display the payment for each individual loan andthe total monthly payment. Use a separate struct for eachloan.
#include<iostream>#include<cmath>using namespace std;
struct Loan // Loan is called structure tag{int ID; // assume an unique integer between 1111-9999float amount; // $ amount of the loanfloat rate; // annual interest rateint term; // number of months, length of the loan};
float payment(Loan l);
int main( ){Loan loan1;float monthly_payment;
// Initialize the loan1 structurecout << “Enter the ID of
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