Java Mortgage Calculator
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Title: Java Mortgage Calculator

Essay Details:

Subject: Technology
Author:
Date: May 1, 2013
Level:
Grade: A
Length: 2 / 474

Essay text:

//8-26-08 //Have to import the IO Class import java.io.IOException; public class Mortgage { //This area lets the user press Enter to continue public static void waitForEnter() { try { int ch; while((ch = System.in.read()) != -1 && ch != '\r') { ; } } catch (IOException ex) { } } public static void main(String[] args) { //Define Array Variables int [] NumberOfPayments = {84, 180, 360}; //Length of Mortgage in Months int [] NumberOfYears = {7, 15, 30}; //Length of Mortgage in Years double [] AnnualInterestRate = {.0535, .055, .0575}; //Annual Interest Rate //Define Other Variables double PrincipleBalance = 200000; //$200,000 Principle Balance of Mortgage double DiscountFactor; double MonthlyInterestRate; double MonthlyPayment; double NewPrincipleBalance = PrincipleBalance; //Loan Balance During Amortization //Array Loop int LoanMe; for (LoanMe = 0; LoanMe <=2; LoanMe ++) { MonthlyInterestRate = AnnualInterestRate[LoanMe] / 12; //Monthly Interest Rate //Calculations DiscountFactor = (Math...

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