Question: Java Write an algorithm that reads loan amount from user and then finds out the total amount customer has to pay based on interest rate

Java

Write an algorithm that reads loan amount from user and then finds out the total amount customer has to pay based on interest rate and total month taken to pay the rent off. Loans for 24 months or less have rate of 0.9%, for 36 months has rate of 2.9% loans for 48 months has rate of 49.%, loans for 60 months or more has rate of 6.9%. Also show the flow chart

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