Rewrite Programming Exercise 5.21 to create a GUI, as shown in Figure 16.41b. Your program should let the user enter the loan amount and loan period in the number of years from text fields, and it should display the monthly and total payments for each interest rate starting from 5% to 8%, with increments of one-eighth, in a text area.

Data from Programming Exercise 5.21 

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. Here is a sample run:

Transcribed Image Text:

Eveselt Loan Amount 10000 Number of Years S Show Table rest Ra Monthty Peyret Tatal Paymeni 18871 50 11322.4 5.125 5.25 5.375 189.28 189.A5 190.43 1911 191.58 11357.13 S.5 5.625 11426 11 11460.69 11495 34 5.75 5.875 4.0 192.16 11510.00 192.74 11564.83 191.12 1L5.6 6.125 193.9 11634 58 (b)