Results 1 to 4 of 4
Thread: mortgage calculator
- 06-26-2011, 01:49 PM #1
Member
- Join Date
- Jun 2011
- Posts
- 4
- Rep Power
- 0
mortgage calculator
I am trying to figure out what i am doing wrong.
I should get $1167.15 for monthly payment but I do not. Below is my source code. Thanks in advance. -.gif)
import java.text.*; // import text editor
import java.io.*; // import input/output
import java.math.*; // import math calculation
public class MortgageCalculator
{
public static void main(String[] args)
{
double interest = 5.75;
int mortgageAmount = 200000;
int years = 360;
double intcalc = (5.75/100.12);
double monthlyPayment = 0;
monthlyPayment = mortgageAmount * (intcalc/ (1-Math.pow((1+intcalc),-1* (years*12))));
System.out.println("The amount of your mortgage is " + mortgageAmount + "\n" +
" your interest rate is " + interest + "\n" + " length of mortgage is " + years +
"\n" + " and your monthly payment is " + monthlyPayment);
}
}
- 06-26-2011, 01:53 PM #2
- Join Date
- Jan 2011
- Location
- Richmond, Virginia
- Posts
- 3,069
- Blog Entries
- 3
- Rep Power
- 7
What do you get? Have you tried breaking up the formula into several smaller calculations.
- 06-26-2011, 02:16 PM #3
- Join Date
- Sep 2008
- Location
- Voorschoten, the Netherlands
- Posts
- 11,606
- Blog Entries
- 7
- Rep Power
- 17
- 06-26-2011, 02:21 PM #4
Member
- Join Date
- Jun 2011
- Posts
- 4
- Rep Power
- 0
Similar Threads
-
Mortgage Monthly Payment Formula
By EpyonCustom in forum New To JavaReplies: 5Last Post: 04-28-2011, 12:21 AM -
monthly mortgage payment formula
By leoshiner in forum New To JavaReplies: 2Last Post: 04-22-2011, 01:46 PM -
Mortgage Calculator
By rsmithjr316 in forum New To JavaReplies: 14Last Post: 01-21-2011, 10:53 PM -
Mortgage Calculator
By pablo2002 in forum Java AppletsReplies: 3Last Post: 09-25-2010, 10:34 PM -
mortgage calculator help
By kalibballer in forum New To JavaReplies: 1Last Post: 03-26-2009, 11:35 AM


LinkBack URL
About LinkBacks
Reply With Quote

Bookmarks