[girlinmorgue]

I'm new at this and I'm having some trouble figuring out how to assign values to an array once I've figured out the values. Maybe I'm trying to do something that can't be done. I need to get the monthly payment amounts for three different mortgages. This is the code I have so far:

package mortgagecalculator;

/** this calculates the monthly payments and mortization tables for mortgages
 *
 * @author Melissa Foulger   12/09
 */
import java.io.*;				   //accepts user input
import java.text.NumberFormat;	  //formats decimal values
public class MortgageCalculator {

	/**
	 * @param args the command line arguments
	 */
	 public static void main(String[] args)throws Exception
	{
	   System.out.println("This program calculates monthly payments " +
			   "and amoritization tables");
	BufferedReader input = new BufferedReader
			 (new InputStreamReader (System.in) );
	  String inputstring;					  //allocates space for user input
	  double  Principle, Interest, months;	 //declares variables
	  
	  NumberFormat dollars = NumberFormat.getCurrencyInstance();// set formats
	  NumberFormat percent = NumberFormat.getPercentInstance();
		percent.setMaximumFractionDigits(2);

		System.out.println("Enter Principle Amount and press enter");
		inputstring = input.readLine();
		Principle = Double.parseDouble(inputstring);	  //gets principle from user
		System.out.println("Principle Loan Amount: " + dollars.format (Principle));
	  
	   System.out.println("Enter Annual Interest and press enter");
		inputstring = input.readLine();		 //gets rate from user
		Interest = ((Double.parseDouble((inputstring)) *.01 / 12));  //annual 2 monthly
  
	   
	   System.out.println("Enter Length of Loan in Years and press enter");
		inputstring = input.readLine();		 //gets length from user in years
		months = Double.parseDouble(inputstring) * 12;  //years 2 months
			 
	  double monthly_payments = (Principle *  Interest) /(1- Math.pow( 1 + Interest , -months));
		   //calculates the monthly payments
	   System.out.println("The monthly payments will be: " + dollars.format (monthly_payments));

	   double interest_paid = (Principle * Interest);
	   double principle_paid = (monthly_payments - interest_paid);
	   double ending_balance = Principle - principle_paid;
	   int count = 0;
	  

while (count < 360) {
	double new_balance = ending_balance;

	interest_paid = new_balance * (Interest);		  // Calculate interest by multiplying rate against balance
	principle_paid = monthly_payments - interest_paid;	   // Subtract interest from your payment
	ending_balance = new_balance - principle_paid;	// Subtract final payment from running balance
//  loan, interest, and payment made towards principle

		System.out.println ( " Payment: " + dollars.format(monthly_payments));
		System.out.println( " Interest: " + dollars.format(interest_paid));
		System.out.println( " Principle: " + dollars.format(principle_paid));
		System.out.println( " Loan Balance is: " + dollars.format(ending_balance));
		System.out.println("Press enter to continue");
	try  {
		System.in.read();
	} catch (IOException e)  {
		count ++;
	}

   if (count > 360) {   //when all payments have been made.
		System.out.println (" Payment: " + dollars.format(new_balance + interest_paid)
			+ " Interest: " + dollars.format(interest_paid) + " Principle: "
			+ dollars.format(new_balance - interest_paid) + " Loan Balance is: $0.00");
}
   
}
	 }

}

[/code}
Then I have this to create the array but I'm not sure where it would go or how I get the amounts into it.

[code]
 double [] monthlyPayments = new double [3];				 //declares the array
 int cnt = 0;
 for(cnt = 0; cnt < monthlyPayments.length; cnt++)  {
   monthlyPayments[cnt]=cnt;
 

[Diomedes]

girlinmorgue, on 18 Dec, 2009 - 06:54 AM, said:

I'm new at this and I'm having some trouble figuring out how to assign values to an array once I've figured out the values. Maybe I'm trying to do something that can't be done. I need to get the monthly payment amounts for three different mortgages. This is the code I have so far:

 double [] monthlyPayments = new double [3];				 //declares the array
 int cnt = 0;
 for(cnt = 0; cnt < monthlyPayments.length; cnt++)  {
   monthlyPayments[cnt]=cnt;
 

I think you're almost there. You assign a value to an array by picking the index and then assigning a value of the type you specified when you declared the array (i.e. if you said it's an array of doubles, assign a double).

ex:
int[] example = new int[5];
example[0] = 42;
example[1] = 43;
System.out.println("The ultimate answer is " +example[0]);

Hence in your code:

   monthlyPayments[cnt]=cnt;

Just means that monthlyPayments[0] = 0.

But what you probably want is monthly payment to be what you're calculating up top:

	  double monthly_payments = (Principle *  Interest) /(1- Math.pow( 1 + Interest , -months));
		   //calculates the monthly payments
	   System.out.println("The monthly payments will be: " + dollars.format (monthly_payments));

	  monthlyPayments[someIndex] = monthly_payments;

Now what I can't tell you is exactly how you want to apply that loop because I'm not 100% sure what you're trying to get at. There's some logical relationship between what you're calculating and months, but you'll have to figure that out based on your goals.

However I hope the array bit was straightforward.