📄 mortgage.java
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/**
* @version 1.10 10 Mar 1997
* @author Gary Cornell
*/
import corejava.*;
import java.text.*;
public class Mortgage
{ public static void main(String[] args)
{ double principal;
double yearlyInterest;
int years;
principal = Console.readDouble
("Loan amount (no commas):");
yearlyInterest = Console.readDouble
("Interest rate in % (ex: use 7.5 for 7.5%):")/100;
years = Console.readInt("The number of years:");
double monthlyInterest = yearlyInterest / 12;
double payment = principal * monthlyInterest
/ (1 - (Math.pow(1/(1 + monthlyInterest),
years * 12)));
System.out.println("Your payment is ");
NumberFormat nf = NumberFormat.getCurrencyInstance();
System.out.println(nf.format(payment));
}
}
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