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Initial Form: a BorderPane is established Top Pane: Display label Mortgage Calculator. There should br font name, backround color and font color chnages. Bottom Pane:
Initial Form: a BorderPane is established
Top Pane: Display label "Mortgage Calculator". There should br font name, backround color and font color chnages.
Bottom Pane: Display a Compute button. There should be padding around the inner container. There shojld be a background color change.
Center Pane:
Display as shown below with labels and text fields for house cost and annual interest, check box for optional closing cost addon to house cost, label for Years of Loan, radio buttons for or year mortgage options with years preselected, and label and text field for computed monthly payment. The output text field should be readonly.
Processing:
The user enters house cost and annual interest and can choose to check the check box to finance the $ closing costs and the years of the loan. Code can assume valid data.
The monthly payment is computed using the formula below and displayed in currency format. The formula needs to use monthly interest annual interest and number of periods as months years Recall that the Math.pow method can be used to raise a base number to an exponent.
Fixed Monthly Mortgage Repayment Calculation
where Outstanding loan amount, Effective monthly interest rate, Total number of periods months
Sample Output:
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