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PART A: LoanCalculator Requirements Step 1: Create a LoanCalculator class with the following structure. The interestRate parameter should be the annual interest rate expressed as
PART A: LoanCalculator Requirements Step 1: Create a LoanCalculator class with the following structure. The interestRate parameter should be the annual interest rate expressed as a double between 0.0 and 100.0 (c.g. 5.0 for 5% ). The principle should be the amount of money borrowed and the term should be the number of months over which the luan is to be paid oll. Step 2: Provide the public double nonthlyPayertidouble principle, double interestRate, int term; method that returns the dollar amount that would be required to pay off the principle at the given interest rate over the term. If A is the principle, r the monthly interest rate as a fraction (i.e. interestRate 100/12 )and t the term in months then the monthly puyment is given by the formulu: monthlyPayment =Ar(r+1)t/((r+1)t1) Step 3: Provide the public void disleyschedule (..)methodwhichwilldisplay on Syster. , out the repayment schedule of the loan including the payment and the remaining amount. All money values should be shown with two decimal places (e.g. $100.00) and a S sign. All interest rates should be shown as a decimal number between 0.00 and 100.00, should have at most two decimal places showing and should end in a % sign. See the sample output for the program shown below. If the displayschedule () method requires the monthly payment amount if should invoke the nonthlypayment {i method. That is, it should not have duplicale code that duplicales the calculation
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