Java - Calculate the monthly payment on a loan Specifications ? The formula for calculating monthly payment is: double monthlyPayment = loanAmount * monthlyInterestRate/ (1 - 1/Math.pow(1 +...

Java - Calculate the monthly payment on a loan Specifications ? The formula for calculating monthly payment is: double monthlyPayment = loanAmount * monthlyInterestRate/ (1 - 1/Math.pow(1 + monthlyInterestRate, months)); ? The application should accept decimal entries for the loan amount and interest rate entries. ? The application should only accept integer values for the years field. ? The application should only accept integer and decimal values within the following ranges: Greater Less Than Than Loan amount: 0 1,000,000 Yearly interest rate: 0 20 Years: 0 100 ? The application should only accept a value of

May 19, 2022
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