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nyy · Guest

I have a problem with this program, this is a mortgage calculator,
there is no way I can make it work. No gui, this is a simple calculator
for a java class. Please anybody can help. Thx

public class MtgCalculator

{
public static void main(String[] args)
{
double monthlyPayment;
double interest=5.75;
double principleValue=200000.00;
double montInterest;
int years=30;
int months;
}
//DecimalFormat result=new DecimalFormat("$0.00")

// Formulas used in the calculation of the monthly payment

months=years*12;
montInterest=interest/1200;
monthlyPayment=(principleValue*montInterest)/(1-Math.pow(1+
montInterest, -months));

// Information that will be printed out on the screen
{
System.out.println("** Mortgage Calculator **");
System.out.println("");
System.out.println(" For a $200,000 mortgage");
System.out.println(" Term= 30 years");
System.out.println(" Interest rate= 5.75%");
System.out.println(" The Payment Amount for this Loan is "
+(monthlyPayment));
}
}

Jeffrey Spoon · Guest

In message <1116107572.879952.13760 (AT) f14g2000cwb (DOT) googlegroups.com>, nyy
<jet800 (AT) yahoo (DOT) com> writes

nyy · Guest

Thanks Jeffrey, I tried to complied but it gave me 6 errors. I don't
know men, I only have until wednesday to turin this program in. If you
can take a look, I appreciate. Thx

nyy · Guest

Thanks Jeffrey, I tried to complied but it gave me 6 errors. I don't
know men, I only have until wednesday to turin this program in. If you
can take a look, I appreciate. Thx

nyy · Guest

Thanks Jeffrey, I tried to complied but it gave me 6 errors. I don't
know men, I only have until wednesday to turin this program in. If you
can take a look, I appreciate. Thx

Jeffrey Spoon · Guest

In message <1116260914.318869.119700 (AT) g49g2000cwa (DOT) googlegroups.com>, nyy
<jet800 (AT) yahoo (DOT) com> writes

nyy · Guest

Never mind, I had some little misplace commas in it, it is working but,
I am trying to round the long number from the monthly payment to two
decimal points. Any suggestion. Thx.

NYY · Guest

hello Jeffrey, my program ran good. Now, I am scrathing myself how to
calculate the mortgage payment and display the balance and interest
paid for the 30 yrs. Here is my program, how would you do that if you
can help me. Thx

import java.text.DecimalFormat;

//Give the program a name
public class MtgCalculator
{
public static void main(String[] args)
{
//Declare variables to calculate the mortgage monthly payment
double monthlyPayment;
double interest=5.75;
double principleValue=200000.00;
double montInterest;
int years=30;
int months;
months= years*12;
montInterest= interest/1200;
DecimalFormat result=new DecimalFormat("$0.00"); //Declare
DecimalFormat to display two decimal points

//Formula for calculating mortgage monthly payment
monthlyPayment = (principleValue * montInterest)/(1-Math.pow(1+
montInterest, - months));

//Display result for the mortgage monthly payment
System.out.println("** Mortgage Calculator **");
System.out.println(" YB Creations@2005 ");
System.out.println("");
System.out.println(" For a $200,000.00 mortgage");
System.out.println(" Term= 30 years");
System.out.println(" Interest rate= 5.75%");
System.out.println (" The Monthly Payment Amount for this Loan is "
+result.format(monthlyPayment));
}
}