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Francisco Juarez Wants to Take Out a $15,000 Loan to Purchase

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Essay

Francisco Juarez wants to take out a $15,000 loan to purchase a car.What is his approximate APR if he will make 60 monthly payments and his total interest paid is $5,000?

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Definitions:

Switch Statement

A control structure that allows multi-way branching based on the value of an expression.

System.out.print

A Java command used to display text on the screen without moving to a new line.

Scanner Object

A Scanner Object in Java is used to parse primitive types and strings using regular expressions from an input source such as a file or standard input.

Console.nextInt

A method used in Java to read an integer input from the console.

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