47164 Java Mortgage App

Write a Java program without a graphical user interface that calculates and displays the mortgage payment amount given the amount of the mortgage, the term of the mortgage, and the interest rate of the mortgage. In this program, hard code the mortgage amount = $200,000. Insert comments in the program to document the program. Display 3 mortgage loans: 7 year at 5.35%, 15 year at 5.5%, and 30 year at 5.75%. Use an array for each loan. Display the mortgage payment amount for each loan. Do not use graphical use interface. Insert comments in the program to document the program.