Question: Learning Goals: Learn how Java projects begin with a main method Practice review concepts: variables, arrays, flow of control, mathematical expressions Objective: Create a simple
Learning Goals: Learn how Java projects begin with a main method Practice review concepts: variables, arrays, flow of control, mathematical expressions Objective: Create a simple program that will calculate the monthly interest rate, number of months, monthly payment for a home loan with compound interest. Required Components: A single Java class with a main method created using the Eclipse IDE ScenarioInformation: For most home loans, there are three main values that represent the state of the: the principal total amount loaned interest rate usually stored as annual rate and total term in years that the homeowner has until the loan should be fully repaid. If these three values are known, then other characteristics about the loan can be calculated. For example: Monthly Rate APR Total Months Total Term Monthly Payment Principal Monthly Rate Monthly RateTotal Months What to do: Write a simple Java program with Eclipse using only a main method that will take some initial loan values and calculate the monthly rate, total months, and monthly payment. You should output the results to the Eclipse console window. Be sure to run, test and debug your program before submission.
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