Java Project: Write a menu driven program, which would compute compound interest and a monthly payment for a loan. The user will be given a choice to display the info on the screen or to a file. Menu...

Java Project:

Write a menu driven program, which would compute compound interest and a monthly payment for a loan. The user will be given a choice to display the info on the screen or to a file.

Menu will be the following:

Enter (1) to calculate your loan monthly payment

Enter (2) to calculate your loan monthly payment & write to a file

Tips:
Compound Interest Formula

You can visit here for further assistance -

http://www.calculatorsoup.com/calculators/financial/compound-interest-calculator.php

Bottom line, you will be displaying something like the following:

Borrower’s Name:

Borrower’s Address:

Borrower’s Phone:

Loan Amount:

Interest Rate (APR):

Fixed Monthly Payment:

Note – always with the option to display in a file or on the screen.