Loan Comparison Program in Java Assessment
Introduction
You will submit work in tutorial activities during the study period. This is an individual assessment.
Part A
This is an individual assessment in which you will develop programs using Java programming concepts
and OO principles based on problem definitions provided. You will be required to complete tutorial
questions, laboratory exercises and a supervised programming test.
Setup your Environment or installation of Softwares:
Install For Java, JDK 18, NetBeans 8.2.
For Python, Python 3.7.0, Atom, Jupyter
Problem Description: Comparing Loans
Write a program that lets the user enter the loan amount and loan period in number of years and
displays the monthly and total payments for each interest rate starting from 5.00%to 8.00%, with
an increment of 1/8. Here is a sample run:
Loan Amount: 10000 Number of Years: 5
Page / 5
Victorian institute of Technology wuw, yit, edu au CAICO5 Provider No. 02044E, RTO No: 20829
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