Using Microsoft Visual Studio

The formula to calculate the monthly payment, given loan L, term T in year and annual interest rate R is: Lx 12 Monthlypayment =- 1-(1+1 Create a form with textboxes to enter loan, term in year and annual interest rate, and a button to compute and display the monthly payment in a read-only textbox with a currency format. You should use label to label textboxes. Submit the code view and the screenshot of the form as it runs. You can copy the source and paste to a Word document, and use the Alt+ PrintScrn key to capture form's screenshot and paste it to the Word document. If you are using Mac: press Command-Shift-4 and select the screen to capture. Print the Word document and submit the assignment in class, not by email. Note 1: Test your program with the following data: Loan = $600,000, annual rate = 4.2%, term = 30 years. You may use Excel's PMT function to verify your output. Note 2: The annual interest rate should be entered without the percentage sign. For example, 3.5% should enter as .035. Use a label next to the interest rate textbox to explain how to enter the rate with an example. Note 3: Use comment lines to enter your name, section and a brief description of the purpose of this program. Note 4: Variable names must be meaningful and have at least 5 characters. Assignment 1. Designer.cs* Assignment 1.cs* Assignment 1.cs (Design)* + x Form1 Monthly Payment Calculator Loan Amount Term (in years) C Annual Interest Rate (3.5% entered as .035) Compute Monthly Payment Monthly Payment Amount Assignment 1.Designer.cs Assignment 1.cs + x Assignment 1.cs (Design ca Assignment 1 Assignment_1.Form1 public partial class Form1 : Form .button1_Click(object sender, EventArgs e) 1 reference public Form1() InitializeComponent(); 1 reference private void label1_Click(object sender, EventArgs e) 1 reference private void button1_Click(object sender, EventArgs e) ............ The formula to calculate the monthly payment, given loan L, term T in year and annual interest rate R is: Lx 12 Monthlypayment =- 1-(1+1 Create a form with textboxes to enter loan, term in year and annual interest rate, and a button to compute and display the monthly payment in a read-only textbox with a currency format. You should use label to label textboxes. Submit the code view and the screenshot of the form as it runs. You can copy the source and paste to a Word document, and use the Alt+ PrintScrn key to capture form's screenshot and paste it to the Word document. If you are using Mac: press Command-Shift-4 and select the screen to capture. Print the Word document and submit the assignment in class, not by email. Note 1: Test your program with the following data: Loan = $600,000, annual rate = 4.2%, term = 30 years. You may use Excel's PMT function to verify your output. Note 2: The annual interest rate should be entered without the percentage sign. For example, 3.5% should enter as .035. Use a label next to the interest rate textbox to explain how to enter the rate with an example. Note 3: Use comment lines to enter your name, section and a brief description of the purpose of this program. Note 4: Variable names must be meaningful and have at least 5 characters. Assignment 1. Designer.cs* Assignment 1.cs* Assignment 1.cs (Design)* + x Form1 Monthly Payment Calculator Loan Amount Term (in years) C Annual Interest Rate (3.5% entered as .035) Compute Monthly Payment Monthly Payment Amount Assignment 1.Designer.cs Assignment 1.cs + x Assignment 1.cs (Design ca Assignment 1 Assignment_1.Form1 public partial class Form1 : Form .button1_Click(object sender, EventArgs e) 1 reference public Form1() InitializeComponent(); 1 reference private void label1_Click(object sender, EventArgs e) 1 reference private void button1_Click(object sender, EventArgs e)