Implement class Loan provided in listing 10.2, page 368 (name it Loan.java).

public class Loan {

private double annualInterestRate;

private int numberOfYears;

private double loanAmount;

private java.util.Date loanDate;

/** Default constructor */

public Loan() {

this(2.5, 1, 1000);

}

public Loan(double annualInterestRate, int numberOfYears,

double loanAmount) {

this.annualInterestRate = annualInterestRate;

this.numberOfYears = numberOfYears;

this.loanAmount = loanAmount;

loanDate = new java.util.Date();

}

public double getAnnualInterestRate() {

return annualInterestRate;

}

public void setAnnualInterestRate(double annualInterestRate) {

this.annualInterestRate = annualInterestRate;

}

public int getNumberOfYears() {

return numberOfYears;

}

public void setNumberOfYears(int numberOfYears) {

this.numberOfYears = numberOfYears;

}

public double getLoanAmount() {

return loanAmount;

}

public void setLoanAmount(double loanAmount) {

this.loanAmount = loanAmount;

}

public double getMonthlyPayment() {

double monthlyInterestRate = annualInterestRate / 1200;

double monthlyPayment = loanAmount * monthlyInterestRate / (1 - (1 / Math.pow(1 + monthlyInterestRate, numberOfYears)));

return monthlyPayment;

}

public double getTotalPayment() {

double totalPayment = getMonthlyPayment() * numberOfYears * 12;

return totalPayment;

}

public java.util.Date getLoanDate() {

return loanDate;

}

}

Next, implement the test program in listing 10.1, page 367 (name it TestLoan.java).

import java.util.Scanner;

public class TestLoanClass {

public static void main(String[] args) {

Scanner input = new Scanner(System.in);

System.out.print("Enter annual interest rate, for example, 8.25: ");

double annualInterestRate = input.nextDouble();

System.out.print("Enter number of years as an integer: ");

int numberOfYears = input.nextInt();

System.out.print("Enter loan amount, for example, 120000.95: ");

double loanAmount = input.nextDouble();

Loan loan =

new Loan(annualInterestRate, numberOfYears, loanAmount);

System.out.printf("The loan was created on %s " +"The monthly payment is %.2f The total payment is %.2f ",loan.getLoanDate().toString(), loan.getMonthlyPayment(),loan.getTotalPayment());

}

}

Now, modify the test program to create a new object, called it carLoan, using these characteristics: interest rate is 8.50%, for 5 years, and borrowed amount is $15,000. Use this new object to test all class methods. Use proper labels in your outputs. Document your code and organize the output using appropriate formatting techniques.