Program in Java Please show sample output pic! TallBuilding Development Loan Co.
ID: 3864435 • Letter: P
Question
Program in Java
Please show sample output pic!
TallBuilding Development Loan Co. makes loans of up to $100,000 for construction projects. There are two categories of Loans-those to businesses and those to individual applicants. Write an application that tracks all new construction loans. The application must also calculate the total amount owed at the due date (original loan amount + loan fee). The application should include the following classes: Loan-A public abstract class that implements the LoanConstants interface. A Loan includes a loan number, customer last name, amount of loan, interest rate, and term. The constructor requires data for each of the fields except interest rate. Do not allow loan amounts over $100,000. Force any loan term that is not one of the three defined in the LoanConstants class to a short-term, one-year loan. Create a toStringO method that displays all the loan data. LoanConstants-A public interface class, LoanConstants includes constant values for short-term (one year), medium-term (three years), and long-term (five years) loans. It also contains constants for the company name and the maximum loan amount. BusinessLoan-A public class that extends Loan. The BusinessLoan constructor sets the interest rate to 1 percent over the current prime interest rate. PersonalLoan-A public class that extends Loan. The PersonalLoan constructor sets the interest rate to 2 percent over the current prime interest rate CreateLoans-An application that creates an array of five Loans. Prompt the user for the current prime interest rate. Then, in a loop, prompt the user for a loan type and all relevant information for that loan. Store the created Loan objects in the array. When data entry is complete, display all the loans. Save the files as Loan. Java, LoanConstants. Java, BusinessLoan. Java, Personal Loan. Java, and CreateLoans java.Explanation / Answer
public interface LoanConstants {
public static final int shortterm = 1;
public static final int midterm = 3;
public static final int longterm = 5;
public static final String name = "TallBuilding Development Loan Co.";
public static final int maxloan = 100000;
}
//----------------------------------------------------------------------------------------------------------------------
public abstract class Loan implements LoanConstants {
String loanNum, custName;
double amt,interest,term;
public Loan(String loanNum, String custName, double amt, double term) {
super();
this.loanNum = loanNum;
this.custName = custName;
if(amt <= maxloan) this.amt = amt;
else this.amt = maxloan;
if(term!=shortterm && term!=midterm && term!=longterm) this.term =shortterm;
else
this.term = term;
}
public String toString(){
String s = "Loan Number: "+loanNum+" Amount: "+Double.toString(amt)+
" Term: "+Double.toString(term)+" Customer Name: "
+custName+" Interest rate: "+ Double.toString(interest);
return s;
}
}
//----------------------------------------------------------------------------------------------------------------------------------
public class BusinessLoan extends Loan{
public BusinessLoan(String loanNum, String custName, double amt, double term, double pi) {
super(loanNum, custName, amt, term);
// TODO Auto-generated constructor stub
this.interest = pi*1.01;
}
}
//-----------------------------------------------------------------------------------------------------------------
public class PersonalLoan extends Loan{
public PersonalLoan(String loanNum, String custName, double amt, double term, double pi) {
super(loanNum, custName, amt, term);
// TODO Auto-generated constructor stub
this.interest = pi*1.02;
}
}
//-----------------------------------------------------------------------------------------------------------------
import java.util.Scanner;
public class CreateLoans {
public static void main(String[] args) {
Scanner sc = new Scanner(System.in);
System.out.println("Enter prime interest rate");
double pi;
pi = sc.nextDouble();
Loan[] l = new Loan[5];
String type,name,num;
double term,amt;
for(int i = 0;i<5;i++){
System.out.println("Loan Type(Personal / Business):");
type = sc.next();
System.out.println("Term (1/3/5):");
term = sc.nextDouble();
System.out.println("Amount (Max. $100000):");
amt = sc.nextDouble();
System.out.println("Customer Name: ");
name = sc.next();
System.out.println("Loan Number:");
num = sc.next();
if(type.equals("Personal")){
PersonalLoan p = new PersonalLoan(num, name, amt, term, pi);
l[i] =p;
}
else{
BusinessLoan b = new BusinessLoan(num, name, amt, term, pi);
l[i] = b;
}
}
sc.close();
for(int i = 0;i<5;i++){
System.out.println(l[i].toString());
}
}
}
//--------------------------------------------------------------------------------------------
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