Write the program in Java (with a graphical user interface) so that it will allow the user to select which way they want to calculate a mortgage: by input of the amount of the mortgage, the term of the mortgage, and the interest rate of the mortgage payment or by input of the amount of a mortgage and then select from a menu of mortgage loans:
- 7 year at 5.35%
- 15 year at 5.5 %
- 30 year at 5.75%
In either case, display the mortgage payment amount and then, list the loan balance and interest paid for each payment over the term of the loan. Allow the user to loop back and enter a new amount and make a new selection, or quit. Insert comments in the program to document the program.
**Please note: attached Java code file already has the drop down list for the menu of mortgage loans. Just need added functionality to allow user to select from this menu or choose to input his/her own terms.© BrainMass Inc. brainmass.com October 9, 2019, 11:12 pm ad1c9bdddf
The expert uses a Java program for Mortgage payment calculator changes.