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( Financial application: compare loans with various interest rates ) of 1 8 . For the formula to compute monthly payment, monthlyPayment = l o

(Financial application: compare loans with various interest rates) of 18. For the formula to compute monthly payment,
monthlyPayment =loanAmountmonthlyInterestRate1-1(1+monthlyInterestRate)numberOfYears12
totalPayment = monthlyPayment numberOfYears 12
** Don't forget to calculate the monthly interest rate from the annual interest rate.
In the console output, all the currency should be displayed in 2-digit decimal.
For this lab exercise, please get the user input and output in the console only.
Submit your source codes (LabExercise2.java), and screenshots in Canvas by the deadline
Sample output:
\table[[> Assignment0(1)[Java Application]?LibraryJavaJavaVirtualMachinesjs
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