Can i get the screenshot of the output of the required code oneclipse??
Project: Comparing Loans Problem Description: Write a programthat lets the user enter the loan amount and loan period in numberof years and displays the monthly and total payments for eachinterest rate starting from 5% to 8%, with an increment of 1/8.Here is a sample run: Loan Amount: 10000 Number of Years: 5Interest Rate Monthly Payment Total Payment 5.000% 188.71 11322.745.125% 189.28 11357.13 5.250% 189.85 11391.59 … 7.875% 202.1712129.97 8.000% 202.76 12165.83 Use the formulas below to computemonthly payment and total payment.monthlyPayment=(loanAmount*monthlyInterestRate)/(1-1/((1+monthlyInterestRate)^(12*numberOfYears))) totalPayment=monthlyPayment*12*numberOfYears
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