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Topics: Strings, class Math, expressions, variables, Scanner, and static Methods Write a solution to the following problem and submit 2 .java 2. Problem 2. Auto
Topics: Strings, class Math, expressions, variables, Scanner, and static Methods Write a solution to the following problem and submit 2 .java
2. Problem 2. Auto Loan Payment Calculator: In this problem you will create a program that given some basic information calculates an estimated monthly payment for an auto loan, and the amount of the loan remaining after making 12, 24, &36 payments. Your program should prompt the user for the make, model, and year of an automobile, the auto's price, and the amount of the down payment. You will assume that all autos will be financed for 72 months at an interest rate of 6.9% annually. Your program MUST implement the following methods: . calculatePayment: which receives the interest rate (rate), loan amount (principle) and number of months for which the auto is financed (months) as parameters and will calculate the monthly payment as: payment Principle * (Rate/12)/(1-(1+ Rate/12) "Months)Step by Step Solution
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