Question: help me please urgent java A bank has provides two types of loans to its customers: personal and student loans. Each type has its own

help me please urgent

java

A bank has provides two types of loans to its customers: personal and student loans. Each type has its own interest rate. The loan duration can be for 3 or 5 years. The interest rate is shown in the below table:

Personal

Student

3 years

5 %

3 %

5 years

4 %

2.5 %

The monthly payment for each loan is calculated as follows:

Total interest = loan amount * interest rate * number of years

Loan duration in months = 12 * number of years

Monthly payment = (loan amount + total interest) / loan duration in months

Write a program that prompts the user to enter:

  • the loan type as character (P or S),
  • the loan amount
  • the number of years of the loan as an integer: 3 or 5 years

The program will calculate the monthly payment and display it as shown in the sample runs below:

Sample Run 1:

Enter the loan type: P

Enter the loan amount in dollars: 20000

Enter the number of year: 3

The monthly payment for your loan with interest 0.05 is: 638.88

Sample Run 2:

Enter the loan type: s

Enter the loan amount in dollars: 20000

Enter the number of year: 3

The monthly payment for your loan with interest 0.03 is: 605.55

Sample Run 3:

Enter the loan type: f

Invalid loan type.

Sample Run 4:

Enter the loan type: p

Enter the loan amount in dollars: 20000

Enter the number of year: 4

Invalid number of years.

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