OOP(JAVA)
Write a program to input data relevant to an automobile loan andthen, after computing the amortized monthly payment, print a tableshowing the monthly information indicated below. You must usemethods for the separate tasks! (e.g.) Input of data, computationof payment, output of headers, compute monthly data, and outputmonthly data.
Input:
Principal real
Annual interest rate real
# of years ofloan integer
# payments per year integer
Data:
30,000.00 8.5% 6 12
Processing:
A is amortized payment amount (rounded: use formula once only)
p is theprincipal p * i * (1 + i)n
i is the annual rate / # of payments peryear A = —————-
n is total number of payments ofloan (1 + i)n – 1
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