Java Code/Program - Loan Calculator/Loan Payments

Java code/program for computing loan payments.With comments to make it easier to follow.Formula is attached as a PDF and below.Monthly Payment = Loan Amount x Monthly Interest Rate   		 _____________________________________		                  1		  1 - ____________________________________________					    (Number of Years x 12)		      (1 + Monthly Interest Rate)public class ComputingLoanPayments {	public static void main(String[] args) {		Scanner keyboardInput = new Scanner(System.in);				double loanAmount, annualInterestRate, monthlyInterestRate, firstPartOfFormula, bottomPartOfFormula, topPartOfFormula, monthlyPayment;		int numberOfYears, numberOfMonths;				// Enter the amount to be loaned		System.out.println("Enter the Loan Amount: ");		loanAmount = keyboardInput.nextDouble();				// Enter the annual interest		System.out.println("Enter the Annual Interest Rate: ");		annualInterestRate = keyboardInput.nextDouble();				// Enter the years to pay back		System.out.println("Enter the number of years that you would like to pay the loan back over: ");		numberOfYears = keyboardInput.nextInt();				// First convert the Annual Interest Rate to the Monthly Interest Rate		// Formula is: Annual Interest Rate/Number of Months		//  Before we do this, we need to calculate the Number of Months		numberOfMonths = numberOfYears * 12;		System.out.println("The number of months is: " + numberOfMonths);				// Now we will convert to the Annual Interest Rate		// Don't forget to divide the Annual Interest Rate by 100!		monthlyInterestRate = (annualInterestRate/100)/numberOfMonths;		System.out.println("The monthly interest rate is: " + monthlyInterestRate);				// Now we will calculate (1+monthlyInterestRate) ^ (numberOfYears * 12)		firstPartOfFormula = Math.pow((1+monthlyInterestRate),(numberOfYears*12) );		System.out.println("First part of formula is: " + firstPartOfFormula);				// Now we will finish the bottom portion of the formula		bottomPartOfFormula =(1-(1/firstPartOfFormula));		System.out.println("The whole bottom part of the formula is: " + bottomPartOfFormula);				// Now we will calculate the top part of the formula which is:		// loanAmount * monthlyInterestRate		topPartOfFormula = loanAmount * monthlyInterestRate;		System.out.println("The top part of the formula is: " + topPartOfFormula);				//  Finally we will get to the main answer		monthlyPayment = topPartOfFormula/bottomPartOfFormula;		System.out.printf("The monthly payment is: $%.2f", monthlyPayment);				} //  end main method }  // end class

- Eclipse IDE
- Java