Question
Write a program in java to compute the monthly payment for investment for different interest rate. One for 5 years and another for 10 years,
Write a program in java to compute the monthly payment for investment for different interest rate. One for 5 years and another for 10 years, the initial rate is 3.75% with an increment of 0.025%
P= r*(pv)/1-(1+r)^-n
P= payment
R= interest rate
Pv =Investment
Step by Step Solution
3.38 Rating (154 Votes )
There are 3 Steps involved in it
Step: 1
Import javautilScanner Public static void main String arguments Scanner inpu...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Matlab An Introduction with Applications
Authors: Amos Gilat
5th edition
1118629868, 978-1118801802, 1118801806, 978-1118629864
