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Language JAVA Please give answer to it ASAP. Need it argent Write a program that lets the user enter the loan amount and loan period
Language JAVA
Please give answer to it ASAP. Need it argent
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 1/4. loan amount x monthlyInterest Rate monthly Payment (1 + monthlyInterest Rate) Panxiz totalPayment = monthly Payment numberOfYears x 12 Your program output must be identical to the below output. Enter loan amount: 10000 Enter number of years as an integer: 5 Interest Rate Monthly Payment 5.600% 188.71 5.250% 189.86 5.500% 191.01 5.750% 192.17 6.000% 193.33 6.250% 194.49 6.500% 195.66 6.750% 196.83 7.000% 198.01 7.250% 199.19 7.500% 200.38 7.750% 201.57 8.000% 202.76 Total Payment 11322.74 11391.59 11460.70 11530.06 11599.68 11669.56 11739.69 11810.es 11880.72 11951.62 12822.77 12094.18 12165.84Step by Step Solution
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