problem 1

write java script

A bank 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 5% 3% years 5 4% 2.5 % years The monthly payment for cach loan is calculated as follows: Total interest amount loan amount interest rate * number of years Loan duration in months = 12 * number of years Monthly payment = (loan amount + total interest amount) / 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: 1 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: 3 Enter the loan amount in dollars: 20000 Enter the number of year: 3 The monthly payment for your loan with interest 0.03 15 605.55 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