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Program that computes the monthly loan payment

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Question: Write a program that computes the monthly loan payment, given the loan amount (a double value), the interest, as a percent % (a double value), and the number of years to repay the loan (an int value). The calculation is to be performed in a method that is called from main(). In main(), the calling method, you are to solicit the following values:

Part 1: Loan amount, which is used for all calculations

Part 2: The starting number of years to repay the loan, ending number of years to repay the loan, and the incremental years.

Part 3: The starting interest rate, as a %, the ending interest rate, as a %, and the incremental interest rate, as a %.

Can you explain each and every part in detail?

Reference no: EM13694476

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