Create an application that displays a monthly payment on a loan. The application should also display the amount applied to the loan's principal each month and the amount that represents interest, The application should use annual interest rates from the Financial.PPint method to calculate the portion of the payment applied to the principal each month. The method's syntax is Financial.PPmt(Rate, Per,NPer, PV). In the syntax, Rate is the interest rate,NPer is the number of payments periods, and PV is the present value of the loan. The Per argument is the payment period for which you want to calculate the portion applied to the principal. The Per argument must be a number from 1 through Nper. The method returns the calculated value as a Double number. The combo box that gets the interest rate is the Drop Down style. The combo box that gets the term is the Drop Down List style. The text box that displays the output has its Multiline and Read Only properties set to True and its Scroll Bars property set to Vertical.

 

Attached is a screenshot to show the layout