Mortgage Calculator in Java: Change Request #2
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Please help with the following problem involving programming languages.
Change Request #2
Requestor: Dwain Hammer - Billings, MT
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.
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Solution Summary
The following posting helps with a problem involving programming. This solution provides the MortgageCalculator.java program. The code is provided in the solution.
Solution Preview
/*
* MortgageCalculator.java
*
*/
public class MortgageCalculator {
public static int defaultYears = 30;
public static float defaultLoanAmount = 200000;
public static float defaultInterestRate = (float)0.0575;
private int Years;
private float LoanAmount;
private float InterestRate;
private float MonthlyPayment;
/** Creates a new instance of MortgageCalculator */
public MortgageCalculator(int years, float LA, float IR){
Years = years;
...
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