Moretgage Calculation

[rsmithjr316]

Hello Everyone, I am new to the Java development world. I have a program that I am having a little issue with diplaying the proper mon htly payment. when First, when I was entering in a mortgage amount, selecting an interest rate and hitting calculate, I wasn't getting a response. Now when trying to figure out the math issues, I amde osme changes in the (index == 0) under the actionPerformed, I get the following error:

cannot find symbol symbol : method parseString(java.lang.String) location: class java.lang.Double mortgageAmount = Double.parseString(amt);

Here is a copy of the code. Any help would be greatly appreciated. Having a really hard time. Thanks.

 import javax.swing.*;
 import java.awt.*;
 import java.awt.event.*;
 import java.text.NumberFormat;
 import java.lang.*;

 public class MortgageCalculate3 extends JFrame implements ActionListener
   {


   JButton endButton = new JButton("Exit");
   JButton Calc = new JButton("Calculate");
   JButton clrAll  = new JButton("Clear");
   JComboBox opt = new JComboBox();
   JLabel amntLabel = new JLabel("Loan Amount");
   JLabel optLabel = new JLabel();
   JTextArea text;
   JTextField amntField  = new JTextField(5);
   JPanel topPanel = new JPanel();
   JPanel bottomPanel = new JPanel();
   JPanel centerPanel = new JPanel();
	  
     double mortgageAmount = 0.0;    //principal
     double termYears[] = {7.0, 15.0, 30.0};         //term
     double interestRate[] = {0.0535, 0.055, 0.0575}; //interest rate
     double monthlyPayments; //mortgage payment amount
     int lineCount = 0;
     int count = 0;
     int intCount = 4;

   public static void main(String[] args)
     {
      MortgageCalculate3 gui = new MortgageCalculate3();
      gui.go();


      }//end of main

      public void go()
        {
         JFrame frame1 = new JFrame("Mortgage Calculator");
         getContentPane().setLayout(
            new BoxLayout(getContentPane(),BoxLayout.Y_AXIS));


        //Larger scrolling window
         text = new JTextArea(20,50);
         text.setLineWrap(true);
         JScrollPane scroller = new JScrollPane(text);
         scroller.setVerticalScrollBarPolicy(ScrollPaneConstants.VERTICAL_SCROLLBAR_ALWAYS);
         scroller.setHorizontalScrollBarPolicy(ScrollPaneConstants.HORIZONTAL_SCROLLBAR_NEVER);
         scroller.setVisible(true);

         //ActionListener section

        endButton.addActionListener(this);
        Calc.addActionListener(this);
        clrAll.addActionListener(this);
        amntField.addActionListener(this);
        opt.addActionListener(this);



         //Frame and Pane settings
         topPanel.add(amntLabel);
         topPanel.add(amntField);
         topPanel.add(opt);
             opt.addItem("7 years at 5.35%");
             opt.addItem("15 years at 5.5%");
             opt.addItem("30 years at 5.75%");
             opt.setEnabled(true);
         pack();

         centerPanel.add(text);
         centerPanel.add(scroller);
         scroller.setViewportView(text);

         bottomPanel.add(endButton);
         bottomPanel.add(clrAll);
         bottomPanel.add(Calc);

         frame1.getContentPane().add(BorderLayout.NORTH,topPanel);
         frame1.getContentPane().add(BorderLayout.CENTER,centerPanel);
         frame1.getContentPane().add(BorderLayout.SOUTH,bottomPanel);


         frame1.setDefaultCloseOperation(JFrame.EXIT_ON_CLOSE);
         frame1.setSize(600,450);
         frame1.setLocation(100,100);

         frame1.setVisible(true);



         }//end of the go constructor

         public void actionPerformed(ActionEvent event)
           {


           Object source = event.getSource();

           if (source == endButton) {
               System.exit(0);

           }//end of endButton


           if (source == Calc) {

             int startIndex = opt.getSelectedIndex();

               if(startIndex == 0){

	               
	           // Get the amount
      			String amt = amntField.getText();
     		  // Convert this to a number
     			mortgageAmount = Double.parseString(amt);

	               
               }//end of opt0

               if(startIndex == 1){
               }//end of opt1

               if(startIndex == 2){
               }//end of opt2
               
             mtgCalc();
           }//end of submit source


           if (source == clrAll) {
               text.setText(null);
               amntField.setText(null);
           }//end of clrAll if statement
     }//end of actionPerformed constructor

     public void mtgCalc()
             {
             monthlyPayments = ((interestRate[0] / 12) * mortgageAmount) /
        (1- (Math.pow (1+ (interestRate[0] / 12), (termYears[0] * -12))));

           text.append("Monthly Payment: ");
           text.append(String.valueOf(NumberFormat.getCurrencyInstance().format(monthlyPayments)));
           }//end of mtgCalc

     private static MortgageCalculate3 frame1;
     private static MortgageCalculate3 window;
   }//end of program

Moderator Edit: Code tags added

[Fubarable]

... I get the following error:

cannot find symbol symbol : method parseString(java.lang.String) location: class java.lang.Double mortgageAmount = Double.parseString(amt);

You need to believe what the error message is telling you, and it's saying that the Double class doesn't have a "parseString(String) method which is in fact correct. Rather than just give you the solution, I consider this a good exercise for you to learn to use the Java API, and I recommend that you go to the Java API, look up the Double class and find the correct method which is similar to what you're trying to call but a little different.

Luck!

[rsmithjr316]

Fubarable, thanks I got that figured out and it claculates the first selection which is index == 0. When I select the other two, I get the same number. Do I need to put the same code in each index? This is where I get a little lost in the math side.

Thanks

[Fubarable]

Fubarable, thanks I got that figured out and it claculates the first selection which is index == 0. When I select the other two, I get the same number. Do I need to put the same code in each index? This is where I get a little lost in the math side.

Thanks

Well, you've got to put some code in there, right? Here's your calculation code:

      if (source == Calc) {
         int startIndex = opt.getSelectedIndex();
         if (startIndex == 0) {
            String amt = amntField.getText();
            mortgageAmount = Double.parseDouble(amt);
         }
         if (startIndex == 1) {
         }
         if (startIndex == 2) {
         }
         mtgCalc();
      }

You only get the mortgageAmount if the first option is chosen in the JComboBox, why? Don't you need to get this data and update the mortgageAmount variable regardless of which JComboBox item is selected? The JComboBox selection should only change your interest rate and your loan duration but should have no effect on the mortgageAmount, so perhaps this data extraction should not be inside of your if block.

Then in your mtgCalc method:

   public void mtgCalc() {
      monthlyPayments = ((interestRate[0] / 12) * mortgageAmount)
               / (1 - (Math.pow(1 + (interestRate[0] / 12), (termYears[0] * -12))));
      text.append("Monthly Payment: ");
      text.append(String.valueOf(NumberFormat.getCurrencyInstance().format(monthlyPayments)));
   }

You are hard-coding the calculation to use the 0th item in the interestRate array and the 0th item in the termYears array, so that no matter which item is selected in the combobox, you're effectively ignoring it and blindly calculating as if the first item were always chosen. Perhaps you should use your startIndex value to choose the right value from the two arrays, interestRate and termYears.


Also, when posting code here, please use code tags so that your code will retain its formatting and thus will be readable -- after all, your goal is to get as many people to read your post and understand your code as possible, right?

To do this, highlight your pasted code (please be sure that it is already formatted when you paste it into the forum; the code tags don't magically format unformatted code) and then press the code button, and your code will have tags.

Another way to do this is to manually place the tags into your code by placing the tag [code] above your pasted code and the tag [/code] below your pasted code like so:

[code]
  // your code goes here
  // notice how the top and bottom tags are different
[/code]

I've added code tags to your post above to help make it readable.