import java.text.DecimalFormat;
public class Mortgage Payment Calculator
{
//initialize numerical values
public static void main(String[] args)
{
//declared variables
int loanamount = 200000;
double MP;
double Principal=200000;
int[] months= new int[3];
months[0] = 84;
months[1] = 180;
months[2] = 360;
//calculate
double[] interestrate= new double[3];
interestrate[0] = .0535;
interestrate[1] = .0550;
interestrate[2] = .0575;
DecimalFormat twoplaces = new DecimalFormat("0,000.00");
//calculate
System.out.println("\tMortgage Payment Calculator\n");
//looping in progress
for(int counter = 1; counter <=12; counter++);
{
//calculate
PayMonthly = (loantotal * interestRate[i] / (1 - Math.pow(1/(1 + interestRate[i]),loanlength[i]*12)));
{
//calculate
System.out.println("\tLoan Amount 1 = " + loanamount);
System.out.println("\tYear Term is = " + yearterm[counter]);
System.out.println("\tInterest Rate = " + interestrate[counter]*100);
System.out.println("\tMonthly Payment is " + twoplaces.format(MP));
}
}
}
}
}
This post has been edited by William_Wilson: 12 June 2007 - 06:56 PM

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