Mortgage Payment Calculator
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Change Request#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.
AND
Change Request # 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.
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Solution Summary
This solution contains a mortgage payment calculator in a JAVA program for different payment calculations.
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