PROG$32758$ Enterprise Java Development

Winter $2024($January $08,2024-$ April $19,2024)$

Section P$12(1241-63246)$

Class: Wednesday $8$:$00$ am $-11$:$00$ am $($Davis J$205)$ Friday $8$:$00$ am $-11$:$00$ am $($Davis B$212$B$)$

Class Exercise $1$

Student Name

Issue Date: January $31,2024$ @$9$:$00$ am

Weight: $3\%$

Max. Points: $100$

Due Date: Jamuary

$31,2024$@$10230.$am

Problem $($Loan Payment Calculator$)$

Develop a Java EE application that can compute monthly payment and total payment for a loan

with given loan amount, annual interest rate, and the loan duration.

Monthly payment can be calculated as:

$M=P\frac{i_{\text{m}\text{o}\text{n}\text{t}\text{h}\text{y}}}{1-(1+i_{\text{m}\text{o}\text{n}\text{t}\text{h}\text{l}\text{y}}{)}^{-L_{\text{m}\text{o}\text{n}\text{h}\text{s}}}}$

where

$M=$ monthly principle and interest payment

$P=$ principle $(loan$ amount$)$

$i=$ monthly interest rate, decimal form $(eg\mathrm{.}1\%=0\mathrm{.}01)$

$L=$ length $of$ loan $in$ months

Requirements

Application should be architected using the MVC design pattern.

Loan object should be modeled as JavaBean.

Each webpage in the application should have footer that includes student number and student

name. $($Define and use Thymeleaf fragment$)$

Solution to the class exercise problem should be developed using the concepts and technologies

discussed in the class and used in the class examples.

The source code should be properly indented and commented for quality.

Submission

Please create a new Spring Boot project. Name the project as lastNameFirstInitial$-$

ClassExercise $1,$ like ShafiqueM$-$ClassExercise$1.$

Architect the Loan Payment Calculator Application with MVC design pattern, develop code for

each component, and test each link and input field for the required performance and

completeness.

Instructor will check your work during the class exercise.

Deploy and run the application. When done, save your work, and zip the project folder.

Upload Zipped Spring Boot project to the ClassExercise$1$ Folder in Assignments tab in the

webpage for the course on SLATE.