Question $3$

$[30$ marks$]$

An upcoming home loan provider has hired you. This organisation is still setting up its systems before opening its business doors. As an intern, you are tasked with creating a Java program that calculates the monthly mortgage payment for a home loan. The organisation's front office staff will use this program to help potential homebuyers get a glimpse of their estimated monthly payments based on their loan details.

$3\mathrm{.}1$ Write a program that prompts the user to enter the necessary information as keyboard entries, perform the calculations, and display the result in a formatted manner. As guidance, it is established that the program fulfils the following requirements:

Prompt the user to enter the following information:

The loan amount in rands $($a positive integer or decimal$).$

The annual interest rate as a percentage $($a positive decimal$).$

The loan term in years $($a positive integer$).$

Calculate the monthly interest rate.

Calculate the number of monthly payments.

Calculate the monthly mortgage payment.

Display the calculated monthly payment clearly and formatted, including a label indicating the monthly mortgage payment's value.

NB: Please note that the program must capture input on the keyboard and display the output in the console. Provide screenshots while running the programming and program source code as evidence to the grader. The source code must be submitted separately in a zip folder.

$[15$ marks$]$

$8$

HPX$100-1-$Jan$-$Jun$2024-$SA$1-$CZ$-$V$2-01112023$