Lab 5 A+ Due Thursday by 11:59pm Points 25 Submitting a file upload LAB REQUIREMENTS Start Assignment 1. Make sure you have a green check in Grader for this lab. 2. Add comments to the top of your program: first three comment lines must have: 1) your name, 2) COMP 171 and section no., and 3) Lab # 3. Upload your Java program here (.java file). 4. Deadline is soft. Try to stick to the deadline to manage your time. You can submit labs later, without penalty. However, all labs are due no later than the last day of the semester. LAB GRADE: either 25 (complete) or 0 (incomplete) Problem: Compare Loans Description: 5.21 (Financial application: compare loans with various interest rates) Write a program that lets the user enter the loan amount and loan period in number of years and displays the monthly and total payments for each interest rate starting from 5% to 8%, with an increment of 1/8. For the calculation, see Canvas > Files > Week 02 > ComputeLoan.java. Use the System.out.printf() method to format the output (See Chapter 4). To output a literal percent (%) symbol, use %% in your format string. Program name: Lab05.java Sample Runs: Loan Amount: 1000 Number of Years: 5 Interest Rate Monthly Payment Total Payment 5.000% 18.87 1132.27 5.125% 18.93 1135.71 5.250% 18.99 1139.16 5.375% 19.04 1142.61 5.500% 19.10 1146.07 5.625% 19.16 1149.53 5.750% 19.22 1153.01 5.875% 19.27 1156.48 6.000% 19.33 1159.97 6.125% 19.39 1163.46 6.250% 19.45 1166.96 6.375% 19.51 1170.46 6.500% 19.57 1173.97 6.625% 19.62 1177.49 6.750% 19.68 1181.01 6.875% 19.74 1184.54 7.000% 19.80 1188.07 7.125% 19.86 1191.61 7.250% 19.92 1195.16 7.375% 19.98 1198.72 7.500% 20.04 1202.28 7.625% 20.10 1205.84 7.750% 20.16 1209.42 7.875% 20.22 1213.00 8.000% 20.28 1216.58 Loan Amount: 971 Number of Years: 11 Interest Rate Monthly Payment Total Payment 5.000% 9.58 1264.35 5.125% 9.64 1272.30 5.250% 9.70 1280.28 5.375% 9.76 1288.29 5.500% 9.82 1296.32 5.625% 9.88 1304.39 5.750% 9.94 1312.48 5.875% 10.00 1320.61 6.000% 10.07 1328.76 6.125% 10.13 1336.95 6.250% 10.19 1345.16 6.375% 10.25 1353.40 6.500% 10.32 1361.67 6.625% 10.38 1369.97 6.750% 10.44 1378.30 6.875% 10.50 1386.65 7.000% 10.57 1395.04 7.125% 10.63 1403.45 7.250% 10.70 1411.89 7.375% 10.76 1420.36 7.500% 10.82 1428.86 7.625% 10.89 1437.39 7.750% 10.95 1445.94 7.875% 11.02 1454.53 8.000% 11.08 1463.14