https://github.com/seycileli/loan-calculator

Financial application: Compare loans with various interest rates
https://github.com/seycileli/loan-calculator

java loan-calculator

Last synced: 7 months ago
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Financial application: Compare loans with various interest rates

• Host: GitHub
• URL: https://github.com/seycileli/loan-calculator
• Owner: seycileli
• Created: 2019-11-07T21:11:35.000Z (almost 6 years ago)
• Default Branch: master
• Last Pushed: 2019-11-23T19:20:11.000Z (almost 6 years ago)
• Last Synced: 2025-01-15T10:24:08.535Z (9 months ago)
• Topics: java, loan-calculator
• Language: Java
• Homepage:
• Size: 3.91 KB
• Stars: 0
• Watchers: 2
• Forks: 0
• Open Issues: 0
• Metadata Files:
  • Readme: README.md

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README

          
# Loan-Calculator

Financial application: Compare loans with various interest rates

Write a program that lets the user enter the loan amount and loan period in number of years and displays the monthly and total payments for each interest rate starting from 5% to 8%, with an increment of 1/8.

The monthly payment for a given loan pays the principal and the interest. The monthly interest is computed by multiplying the monthly interest rate and the balance (the remaining princi- pal). The principal paid for the month is therefore the monthly payment minus the monthly interest. Write a program that lets the user enter the loan amount number of years, and interest rate and displays the amortization schedule for the

loan.