Question
Create a flow chart for the following code import java.util.Scanner; public class ComputeLoan { public static void main(String[] args) { // Create a Scanner Scanner
Create a flow chart for the following code
import java.util.Scanner;
public class ComputeLoan {
public static void main(String[] args) {
// Create a Scanner
Scanner input = new Scanner(System.in);
// Enter annual interest rate in percentage, e.g., 7.25%
System.out.print("Enter annual interest rate, e.g., 7.25%: ");
double annualInterestRate = input.nextDouble();
// Obtain monthly interest rate
double monthlyInterestRate = annualInterestRate / 1200;
// Enter number of years
System.out.print(
"Enter number of years as an integer, e.g., 5: ");
int numberOfYears = input.nextInt();
// Enter loan amount
System.out.print("Enter loan amount, e.g., 120000.95: ");
double loanAmount = input.nextDouble();
//Calculate payment
double monthlyPayment = loanAmount * monthlyInterestRate / (1
- 1 / Math.pow(1 + monthlyInterestRate, numberOfYears * 12));
double totalPayment = monthlyPayment * numberOfYears * 12;
// Display results
System.out.println("The monthly payment is $" +
(int)(monthlyPayment * 100) / 100.0);
System.out.println("The total payment is $" +
(int)(totalPayment * 100) / 100.0);
}
}
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