Ho do I do this? 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 greater than $100,000. Force any loan term that is not one of the three defined in the LoanConstants class to a short-term, 1-year loan. Create a toString() method that displays all the loan data. • LoanConstants—A public interface class. LoanConstants includes constant values for short-term (1 year), medium-term (3 years), and long-term (5 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% more than the current prime interest rate. • PersonalLoan—A public class that extends Loan. The PersonalLoan constructor sets the interest rate to 2% more than 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. For example, the program should accept input similar to the sample program execution below: Welcome to Sanchez Construction Enter the current prime interest rate as a decimal number, for example, .05 0.08 Is this a (1) Business loan or (2) Personal loan 1 Enter account number 1 Enter name Joe Enter loan amount 10000 Enter term 5 Is this a (1) Business loan or (2) Personal loan 2 Enter account number 2 Enter name Sara Enter loan amount 5000 Enter term 3 ... And so on for 5 total loans After all loan information is input, the program should output the loans in the following format: Sanchez Construction Loan #1 Name: Joe $10000.0 for 5 year(s) at 9% interest Loan #2 Name: Sara $5000.0 for 3 year(s) at 10% interest Loan #3 Name: Mike $975.0 for 1 year(s) at 10% interest Loan #4 Name: Jane $7000.0 for 5 year(s) at 9% interest Loan #5 Name: Peter $300.0 for 1 year(s) at 9% interest

Ho do I do this? 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 greater than $100,000. Force any loan term that is not one of the three defined in the LoanConstants class to a short-term, 1-year loan. Create a toString() method that displays all the loan data. • LoanConstants—A public interface class. LoanConstants includes constant values for short-term (1 year), medium-term (3 years), and long-term (5 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% more than the current prime interest rate. • PersonalLoan—A public class that extends Loan. The PersonalLoan constructor sets the interest rate to 2% more than 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. For example, the program should accept input similar to the sample program execution below: Welcome to Sanchez Construction Enter the current prime interest rate as a decimal number, for example, .05 0.08 Is this a (1) Business loan or (2) Personal loan 1 Enter account number 1 Enter name Joe Enter loan amount 10000 Enter term 5 Is this a (1) Business loan or (2) Personal loan 2 Enter account number 2 Enter name Sara Enter loan amount 5000 Enter term 3 ... And so on for 5 total loans After all loan information is input, the program should output the loans in the following format: Sanchez Construction Loan #1 Name: Joe $10000.0 for 5 year(s) at 9% interest Loan #2 Name: Sara $5000.0 for 3 year(s) at 10% interest Loan #3 Name: Mike $975.0 for 1 year(s) at 10% interest Loan #4 Name: Jane $7000.0 for 5 year(s) at 9% interest Loan #5 Name: Peter $300.0 for 1 year(s) at 9% interest

Microsoft Visual C#

7th Edition

ISBN:9781337102100

Author:Joyce, Farrell.

Publisher:Joyce, Farrell.

Chapter10: Introduction To Inheritance

Section: Chapter Questions

Problem 2CP

See similar textbooks

Related questions

Question

Ho do I do this?

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 greater than $100,000. Force any loan term that is not one of the three defined in the LoanConstants class to a short-term, 1-year loan. Create a toString() method that displays all the loan data.

• LoanConstants—A public interface class. LoanConstants includes constant values for short-term (1 year), medium-term (3 years), and long-term (5 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% more than the current prime interest rate.

• PersonalLoan—A public class that extends Loan. The PersonalLoan constructor sets the interest rate to 2% more than 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. For example, the program should accept input similar to the sample program execution below:

Welcome to Sanchez Construction Enter the current prime interest rate as a decimal number, for example, .05 0.08 Is this a (1) Business loan or (2) Personal loan 1 Enter account number 1 Enter name Joe Enter loan amount 10000 Enter term 5 Is this a (1) Business loan or (2) Personal loan 2 Enter account number 2 Enter name Sara Enter loan amount 5000 Enter term 3 ... And so on for 5 total loans

After all loan information is input, the program should output the loans in the following format:

Sanchez Construction Loan #1 Name: Joe $10000.0 for 5 year(s) at 9% interest Loan #2 Name: Sara $5000.0 for 3 year(s) at 10% interest Loan #3 Name: Mike $975.0 for 1 year(s) at 10% interest Loan #4 Name: Jane $7000.0 for 5 year(s) at 9% interest Loan #5 Name: Peter $300.0 for 1 year(s) at 9%

interest

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 7 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.