Question: Instructions Using Java language, create an application for a loan issue company named RPG LOAN PROVIDERS. The following steps explain the main requirements that you


Instructions Using Java language, create an application for a loan issue company named "RPG LOAN PROVIDERS." The following steps explain the main requirements that you must fulfill in your program logic 1. Print the company name and menu of the program as follows: RPG LOAN PROVIDERS Interest Rate 4.2% 3.9% 5.2% Loan Type 1. Home Loan 2. Car Loan 3. Gold Loan 4. Study Loan 5. Business Loan 6. Exit 2.8% 5.8% o OG 2. User must be asked to provide their family annual income at the start. If the family annual income is less than $80,000 then print, "You are not eligible to get the loan from RPG Loan Providers." 3. If eligible, ask the user what type of loan they want from the menu. User must select at least two loans from the list as per company's seasonal policy, 4. Throw an exception if the user selects zero or less than 2 loans. 5. Ask the user how many monthly installments they are going to use (minimum 6 months to maximum 60 months). Display an error for entering the wrong value. 6. Ask user for the amount they want to take as a loan for different type of loans. 7. If the user requests a loan of more than $500,000. reduce their overall interest rate by 0.10%. 8. Calculate and print the total loan amount to pay. 9. Print the payment installment amount that the user must pay each month
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
