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Please assist i ' m trying to run the following source code on Apache NetBeans IDE 2 1 software so i can take screenshots for
Please assist im trying to run the following source code on Apache NetBeans IDE software so i can take screenshots for my assisgnement i t gives me an error please assist in correcting the error.
NB I want all calculations to be in South African Rands.
import java.util.Scanner;
public class MortgageCalculator
public static void mainString args
Create a Scanner object for user input
Scanner scanner new ScannerSystemin;
Prompt user to enter loan amount
System.out.printEnter the loan amount in rands: ;
double loanAmount scanner.nextDouble;
Prompt user to enter annual interest rate
System.out.printEnter the annual interest rate as a percentage: ;
double annualInterestRate scanner.nextDouble;
Prompt user to enter loan term in years
System.out.printEnter the loan term in years: ;
int loanTermYears scanner.nextInt;
Calculate monthly interest rate
Convert annual interest rate from percentage to decimal and divide by for monthly rate
double monthlyInterestRate annualInterestRate ;
Calculate number of monthly payments
Multiply loan term in years by to get total number of payments
int numberOfPayments loanTermYears ;
Calculate monthly mortgage payment using formula:
M Prrnrn
where M is the monthly payment, P is the principal loan amount,
r is the monthly interest rate, and n is the number of payments
double monthlyPayment loanAmount monthlyInterestRate
Math.pow monthlyInterestRate, numberOfPayments;
Display the calculated monthly payment
Use printf to format the output to two decimal places
System.out.printfMonthly Mortgage Payment: R fn monthlyPayment;
Close the scanner to prevent resource leak
scanner.close;
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