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367450 Programming Project 82847 (2)

Organization: McBride Financial Services

Locations:

Requester: Hugh McBride

Description of Request:

Need a program that will calculate mortgage payments.

Background of Request:

Agents in the field offices will need to be able to calculate mortgage payment amounts. In the future, we may want to put a mortgage calculator on our Web site.

Expected Results/Impact when completed:

A program written in Java (without a graphical user interface) that will calculate and display the monthly payment amount to fully amortize a $200,000.00 loan over a 30 year term at 5.75‰ interest.

This is a 3-part project. Parts 1,2, and 3 needs to be completed ASAP.

Please insert comments that a novice like myself can understand.

Change Request #1

Requestor: Dwain Hammer - Billings, MT

Write the program in Java (without a graphical user interface) using a loan amount of $200,000 with an interest rate of 5.75% and a 30 year term. Display the mortgage payment amount and then list the loan balance and interest paid for each payment over the term of the loan. If the list would scroll off the screen, use loops to display a partial list, hesitate, and then display more of the list.

Change Request #2

Requestor: Dwain Hammer - Billings, MT

Write the program in Java (without a graphical user interface) and have it calculate the payment amount for 3 mortgage loans:

- 7 year at 5.35%

- 15 year at 5.5%

- 30 year at 5.75%

Use an array for the different loans. Display the mortgage payment amount for each loan.

Change Request #3

Requestor: Dwain Hammer - Billings, MT

Write the program in Java (without a graphical user interface) and have it calculate the payment amount for 3 mortgage loans:

- 7 year at 5.35%

- 15 year at 5.5%

- 30 year at 5.75%

Use an array for the different loans. Display the mortgage payment amount for each loan and then list the loan balance and interest paid for each payment over the term of the loan. Use loops to prevent lists from scrolling off the screen.

Evner: Lidt af Hvert, Java

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Om arbejdsgiveren:
( 3 bedømmelser ) Lafayette, United States

Projekt ID: #2113289