Discuss the below:
Q: Create a GUI with 3 JTextField (one for loan amount, one for term, and one for interest rate), one JTextArea (where the monthly payment schedule will be displayed; appended for each month, for all moths; attach a JScrollPane to the JTextArea), one JComboBox (with 3 selections: 7 year at 5.35%, 15 year at 5.5 %, 30 year at 5.75%), and 3 JButton (one for computing the monthly payment schedule, one for resetting all fields, and one for exit the application). The user should be able to input in the text fields the loan amount, interest rate, and term, or input the loan amount in a text field and then select from the combo box the type of loan.