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    Java Mortgage type calculator 3 step simulation

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    #1
    Write the program in Java (without a graphical user interface) using a loan amount of $200,000 with an interest rate of 5.75% and a 30 year term. Display the mortgage payment amount and then list the loan balance and interest paid for each payment over the term of the loan. If the list would scroll off the screen, use loops to display a partial list, hesitate, and then display more of the list.

    #2
    Write the program in Java (without a graphical user interface) and have it calculate the payment amount for 3 mortgage loans:

    - 7 year at 5.35%
    - 15 year at 5.5%
    - 30 year at 5.75%

    Use an array for the different loans. Display the mortgage payment amount for each loan.

    #3
    Write the program in Java (without a graphical user interface) and have it calculate the payment amount for 3 mortgage loans:

    - 7 year at 5.35%
    - 15 year at 5.5%
    - 30 year at 5.75%

    Use an array for the different loans. Display the mortgage payment amount for each loan, and then list the loan balance and interest paid for each payment over the term of the loan. Use loops to prevent lists from scrolling off the screen.

    Please keep sections 1,2,3 separate so I can comprehend the solutions better.

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    https://brainmass.com/computer-science/java/java-mortgage-type-calculator-3-step-simulation-290294

    Solution Summary

    This posting contains the program source codes for the given computer problems

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