Purchase Solution

# Mortgage Calculator in Java: Change Request #2

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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.

##### 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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