Amortization Algorithm - Loan Calculator That Uses Compound Interest
May 21, 2014
I'm making a loan calculator that uses compound interest... I need the program to return the monthly payment, how much of it is principal and how much of it is interest, which depends on how many months into your loan you are... So basically all I need is the algorithm to calculate how much of your monthly payment (depending on how many months in you are) is interest and how much of it is principal.
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Apr 10, 2014
/code
package com.eclipsedistilled.cis125;
import java.util.Scanner;
public class HowellBank {
public static void main(String[] args) {
//Written by George Torgerson
//Chapter 4 Link to Logic 7
//Program that accepts an account number, the account owner's first
//Declarations
int accountNumber;
[code]....
This is for college homework. Fictional bank. I would like the year to look like Year 1, Year 2, etc.
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Sep 15, 2011
I am trying to change this code to use only integers to calculate the compound interest.
// Compound-interest calculations with for.
public class Interest {
public static void main( String args[] ) {
double amount; // amount on deposit at end of each year
double principal = 1000.0; // initial amount before interest
double rate = 0.05; // interest rate
[Code] .....
And here is the output I get :
Why do I get the output after year 2? I assume it has something to do with the remainder.
I also have to format this output with the decimal point, etc.. which I think I will be ok with after I get through this part.
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Aug 12, 2014
I need getting started designing and creating a program that calculates simple and compound interest. Simple interest in this case means that interest is only applied to the original amount. For instance, if a person deposits $1000 at 10% annual interest, then after one year they would have $1100 (the original $1000 plus the $100 interest) and after two years they would have $1200 (the original $1000, plus the $100 earned the first year, plus the $100 earned the second year).
With compound interest, the interest is applied to all money earned. So, starting with $1000 at 10% annual interest, after one year the user would have $1100 (the original amount plus $100 interest) and after two years the user would have $1210 (the $1100 they started with at the beginning of the year plus the $110 interest).
The requirements of this program are:
-Create a class that will hold methods to calculate the interest. Do not include the main method in this class.
-In the class that is used to calculate the interest, include a method to print to the screen, by interest period, the starting amount for the period, the interest earned for the period, and the total amount at the end of the period. Note that each period represents the time frame for how often it is updated. If annual is selected the period is every year. If it is semi-annual it is every six months. If it is quarterly it is every three months.
-Create a demo class that will use your interest calculation class. Prompt the user for the original amount, the type of interest (simple or compound), the annual interest rate, and whether it is updated annually, semi-annually, or quarterly. Use method calls to your calculate interest class to do all calculations and display the result. Loop the program until the user chooses to quit.
Sample output ($10000 initial investment, 10% simple interest, annual, for 4 years):
Period Beginning Amount Interest Earned Ending Amount
1 10000.00 1000.00 11000.00
2 11000.00 1000.00 12000.00
3 12000.00 1000.00 13000.00
4 13000.00 1000.00 14000.00
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Feb 11, 2015
import java.util.Scanner;
public class Project1 {
private static int interestYears;
private static int numberYears;
public int interest;
private static double intresetMonth;
[Code] ....
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Jan 26, 2014
I am creating an amortization schedule calculator and I'm having a bit of trouble with adding my table to the screen after I calculate everything.
Here's my code. The problem is that in the calculatePayments() method, I want the JTable to be added to the JScrollPane but it doesn't seem to be working.
Java Code:
import java.awt.BorderLayout;
import java.awt.Dimension;
import java.awt.GridBagConstraints;
import java.awt.GridBagLayout;
import java.awt.Insets;
import java.awt.event.ActionEvent;
import java.awt.event.ActionListener;
[Code] .....
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May 20, 2014
I'm currently working on a loan calculator... The only problem I'm having is occasional values that have very long decimals... How do I round the decimals?
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Dec 6, 2014
In the following piece of code Iam trying to display the the loan amounts of the various loan objects located in a binary file. Iam trying to do his using getLoanAmount() in the loan class. the program is compiling but nothing is showing up on he console.
Program
import java.io.*;
public class Exercise19_06 {
public static void main(String[] args) throws ClassNotFoundException, IOException {
ObjectOutputStream output = new ObjectOutputStream(
new FileOutputStream("loan.dat"));
[code]....
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Jul 15, 2014
I am still having trouble with printing an amortization table for my program. This is the example the professor gave us and our program has to print exactly like this:
Please enter the amount of the loan (a number less than $1,000,000.00) 1000.00
Please enter the annual interest rate (between 2.0 and 15.0 inclusive) 10
Please enter the term of the loan (a number of years between 1 and 30 inclusive) 1
Your monthly payment is 87.92
| INTEREST | PRINCIPAL
MONTH 1 : 8.33 79.58
MONTH 2 : 7.67 80.25
[code]....
So far I have it so it works up to the table. How to get it to loop so it will print each month with the principal and interest. This is the part im having trouble with:
double principal = amount;
double principalPaid;
double interest;
double totalInterest;
double balance = amount;
[code]....
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Jan 8, 2014
I just cant seem to understand the order of precedence here.
class Test{
public static void main(String[] args){
int k = 1;
k += (k = 4) * (k + 2);
System.out.println( k );
}
}
From what I have read compound operators have the lowest order of precedence... But the above piece of code makes the assignment k = 1 + (k = 4) * (k + 2) before evaluating the rest of the statement first.
It then evaluates (k = 4) and proceeds with the remained of the statement 1 + 4 * (4 + 6)....
I dont understand why the first k is assigned 1 but the remaining ks 4. Should they not all be 1 or 4 (I would have thought 4, since += has the lost order of precedence so is evaluated last)??
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Feb 13, 2015
I keep getting an error every time saying there is no main class ...
Loan
public class Loan implements LoanConstant{
public static int loanNumber;
public static String lastName;
public static int loanAmount;
public static int interestRate;
public static int term;
public int primRate;
[Code] ....
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Apr 28, 2015
Is there some way to create compound shapes/paths in JavaFX?
For the record I'm not implying the use of the methods intersect, subtract, or union. These produce other shapes. A compound shape/path is one that has a knockout of some sort. For instance, a circle within a circle, such as in a 2d donut shape. Alternatives do not include a circle with a thick stroke nor an overlayed circle with the background color. Specifically, JavaFX supports the FillRule, in the case of the Path object. However, there doesn't appear to be an "add" method as there was in the Area shape in Swing.
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Nov 26, 2014
calculate how long it would take to pay off a loan of 500 pounds if there was 10% interest monthly, and 100 pounds was paid each month. This code is in a pseudocode,
set months = 1
set balance = 500
set totalpaid = 0;
while balance > 100
balance = balance - 100;
set interest = balance * 0.1
balance = balance + interest
totalpaid = totalpaid + 100
months = months + 1
endwhile
totalpaid = totalpaid+balance
display "you paid "+totalpaid
display "It took you "+months+" months"
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Oct 21, 2014
so I had to make a program that prompts the user to enter a loan amount and the years for the loan and I have the conversions and everything my only issue is that when the chart pops up it just looks like a bunch of numbers and its missing the column headers
for example
Interest Rate Monthly Payment Total Payment
import java.util.Scanner;
public class InterestRate {
public static void main(String[] args) {
double monthlypayment = 0;
double totalpayment = 0;
Scanner input = new Scanner(System.in);
System.out.println("Enter Loan Amount");
[Code]...
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*I have included a zip file with:
-base program
-driver program
-data file
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username psw
username psw
username psw
...etc
So I have to read the lines and split to the " " and compare the insert data and the read data.
Here is my code, it star but give me this error when i insert any word
XML Code:
Exception in thread "main" java.lang.ArrayIndexOutOfBoundsException: 1
at prova.main(prova.java:20) mh_sh_highlight_all('xml'); Java Code: import java.io.File;
import java.io.FileNotFoundException;
import java.util.Scanner;
public class prova {
public static void main(String[] args) throws FileNotFoundException {
[Code] .....
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Feb 21, 2014
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Oct 4, 2014
Encryptor
Java Code:
Private Sub cmdDeleteMessage_Click()
If txtMessage.Text = "" Then
a = MsgBox("No message to delete!", vbInformation, "")
Else: If MsgBox("Do you want to create a new message?", vbYesNo, "New") = vbNo Then Exit Sub
txtMessage.Text = ""
Pic.Picture = LoadPicture()
[Code] .....
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/* Contains the genes or possible solutions to the problem
*/
public class Genes
{
/* Each element is a binary number that corresponds to index number they have been assigned to, these are the possible genes
* The last 4 elements in the array represent + - * / correspondingly
*/
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[code]...
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Java Code:
import java.util.Scanner;
public class TicTacToe{
private static char BOARD[] = {' ', ' ', ' ', ' ', ' ', ' ', ' ', ' ', ' '}; // This is the main board itself.
private static int ROWS[][] = {{0, 1, 2}, {3, 4, 5}, {6, 7, 8}, {0, 3, 6}, {1, 4, 7}, {2, 5, 8}, {0, 4, 8}, {2, 4, 6}}; // These are all the rows one can win by filling.
private static int SCORE, BEST_MOVE_COMPUTER, BEST_SCORE_COMPUTER = -1, BEST_SCORE_PLAYER = 1; // These variables speak for themselves.
private static byte TURN = 1; // 1 means player's turn, and 2 means computer's turn.
[Code] .....
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May 7, 2014
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2 6
1 4 4 1
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What I need the algorithm to do is print the sum of this whole process when it reads these numbers from a file. I am able to read the numbers from a text file but not sure where to proceed from there.
Also the set of numbers vary, for example the next 2 lines of numbers could be,
10 7
3 1 1 1 4 4
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quicksort(a[], p, r)
if r>p then
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quicksort(a[], p, j-1)
quicksort(a[], j+1, r)
[code]....
I was wondering why:
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