Mortgage Calculator Change Request 1

Week 2 Individual Assignment Code: import java.text.DecimalFormat; usual class Calculator { /** * @param args */ public static void main(String[] args) { // TODO Auto-generated mode stub int P = 200000; //$200,000 is tot bring amount double r = (5.75/ one C)/12; //formula for 5.75% interest amount divided by 100 to get correct decimal place and divided by 12 for months double N = 30*12; //30 is number of historic period divided by 12 to conjure up a calculation into months double c = (P*r)/(1-Math.pow(1+r, -N)); //This is the formula to appear the positive monthly honorarium //for a $200,000 loan all everywhere a 30 year time period DecimalFormat df = new DecimalFormat($#,###.##); //DecimalFormat formats our monthly stipend to correct decimal places and dollars System.out.println(Your monthly mortgage for a $200,000 loan amount development 5.75% interest over 30 old age is + (df.format(c))); } } Your monthly mortgage for a $200,000 loan amount exploitation 5.75% interest over 30 days is$1,167.15 What is the monthly payment on a $200,000 loan over 30 years at 5.75%? What is the monthly payment on a $200,000 loan over 30 years at 5.75%? Flow chart: Your monthly mortgage for a $200,000 loan amount using 5.75% interest over 30 years is$1,167.15.

Your monthly mortgage for a $200,000 loan amount using 5.75% interest over 30 years is$1,167.15. c = (P*r)/(1-Math.pow(1+r,-N)) Formula to puzzle out the total monthly payment for a $200,000 loan over a 30 year time period. c = (P*r)/(1-Math.pow(1+r,-N)) Formula to calculate the total monthly payment for a $200,000 loan over a 30 year time period. P = 200000 $200,000 is total loan amount P = 200000 $200,000 is total loan amount r = (5.75/100)/12 rice beer rate formula r = (5.75/100)/12 Interest rate formula N = 30*12 Number of years into months N = 30*12 Number of years into months If you want to get a full essay, order it on our website: Ordercustompaper.com

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