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Java program that will calculate total interest paid.
A $40,000 , 6 month, 5% annual rate car loan is obtained on June 1. Output the repayment schedule with
ALL dollar amounts:
1. displayed with a leading dollar sign
2. comma-separated thousands
3. 2 decimal places
Sample output:
Interest Rate (monthly) [i]:
5./100/12
Loan Repayment Term:
(m = 6 months)
July thru December
Loan Amount [L]:
$40,000.00
Monthly Payment:
$?,???.??
Payment #
Month
Cumulative Amount Paid
1 July
2 August
3 September
4 October
5 November
6 December
Total Interest Paid:
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