Create a java application that will extract user input and display as below to calculate a loan payment. Formula is Monthly Payment = loan amount interest rate/1(1+interest rate)^-length of the loan(to the negative power).

Example of output:

Enter the terms of your loan as follows: (Loan amount; interest rate; number of months) Example: (25,000; 2.99; 60) or ($25,000; 2.99%; 60)

The terms of your loan are:

Loan amount: $25,000.00 Interest Rate: 2.99% Months: 60 Your loan payment is $499.11 per month