Exercise

Create an application for a loan monthly payment. Add a label and a button to the form. The button's Click event procedure should calculate the monthly payment for a loan of $$50,000$ for three years with a $5\%$ annual interest rate, and then display the result in the label. Display the monthly payment as a positive number with a dollar sign and two decimal places. $($The monthly payment is $$1,498\mathrm{.}54.).$ A listbox with interest rates $(1$ to $5)$ step is $0\mathrm{.}5.$