Question
Using Java to write a complete program to calculate monthly payment given The following formula Monthly Pay= [rate + rate / ([1+rate] ^months -1)] X
Using Java to write a complete program to calculate monthly payment given
The following formula
Monthly Pay= [rate + rate / ([1+rate] ^months -1)] X principle
Where rate of 6% means 6/1200 and
Months means number of years x 12
Make the program user friendly. You may write method and call a method to do the job.
Possible data to test:
Principle 12200
Rate 7
Term in years 5
Monthly payment is 241.57
Total Payment is 14494.48
Interest Expense is 2294.48
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Current Trends In Database Technology Edbt 2006 Edbt 2006 Workshops Phd Datax Iidb Iiha Icsnw Qlqp Pim Parma And Reactivity On The Web Munich Germany March 2006 Revised Selected Papers Lncs 4254
Authors: Torsten Grust ,Hagen Hopfner ,Arantza Illarramendi ,Stefan Jablonski ,Marco Mesiti ,Sascha Muller ,Paula-Lavinia Patranjan ,Kai-Uwe Sattler ,Myra Spiliopoulou ,Jef Wijsen
2006th Edition
3540467882, 978-3540467885
