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Essay Details:
Essay text:
Do not use a graphical
user interface. Insert comments in the program to document the program.
*/
import java.util.Date;
import java.text.DecimalFormat;
public class mortgagecalculator
{
public static void main(String[] args)
{
Date currentDate = new Date();
//Date constructor
DecimalFormat decimalPlaces=new DecimalFormat("0.00");
//declaring variables
final double PRINCIPAL = 200000;
final double INTEREST = .0575;
final double TERM = 12*30;
//declaring variables
final double MONTHLY = (PRINCIPAL*(INTEREST/12))/(1-Math.pow (1+INTEREST/12,-TERM));
//displaying variables
System...
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