Question: Create a Project called LoanDecision with a class called LoanDecision. Write a Java program to approve or reject a loan based on the borrowers credit
Create a Project called LoanDecision with a class called LoanDecision.
Write a Java program to approve or reject a loan based on the borrowers credit score. Ask for the following values (use double variables).
Credit Score (must be between 300 and 850).
Loan Amount (must be between 500 and 20000).
You should start by copying your code from CreditScore and modify it as follows.
Define an enum (CreditRiskEnum) for the credit risk (EXCELLENT, VERYGOOD, GOOD, FAIR, POOR, INVALID). Put it inside your class, above the main method.
Assign the correct enum value to a variable creditRisk with multi-way branching (if else if).
Use a switch statement on the creditRisk variable, then use an if statement in each case to approve the loan if it is less than or equal to the credit limit.
| creditRisk | creditLimit ($) |
| INVALID | 0 |
| POOR | 500 |
| FAIR | 1000 |
| GOOD | 2,000 |
| VERYGOOD | 5,000 |
| EXCELLENT | 1,0000 |
If either of the input values is out of range, output an error message.
CreditScore2 by Ray Henry
Enter the Credit Score: 644
Enter the Loan Amount: 1001 The loan application is denied
CreditScore2 by Ray Henry
Enter the Credit Score: 644
Enter the Loan Amount: 1000 The loan application is approved
CreditScore2 by Ray Henry
Enter the Credit Score: 0
The credit score is invalid.
Enter the Loan Amount: 400
The loan amount is invalid.
The loan application is denied
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