Question

Mortgage Calculator

Asked by: ejuste

I'm having problem with this java code, can someone take a look at it and help me find what is wrong?


import java.io.*;
import java.util.Date;
import java.text.DecimalFormat;

public class Mortgage
{
public static void main(String[] args);
{
Date currentDate = new Date();
//Date constructor
DecimalFormat decimalPlaces=new DecimalFormat("0.00");

//declaring variables
final double PRINCIPAL = 200000;
final double INTEREST = .0575;
final double TERM = 12*30;

//declaring variables

final double MONTHLY = (((PRINCIPLE*(INTEREST/12))/(1-Math (1+(INTEREST/12))-(TERM)))

//displaying variables
System.out.println("\t\t" + currentDate);
System.out.println("\t\tPrinciple or Loan Amount: " + PRINCIPLE);
System.out.println("\t\tInterest Rate: " + INTEREST);
System.out.println("\t\tThe Term of Loan (in months): " + TERM);
System.out.println("\t\tThe Monthly Payment is: " + MONTHLY);
System.out.println(decimalPlaces.format(MONTHLY));
}
}

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Asked On
2005-10-09 at 16:34:04ID21589068
Tags

mortgage

,

calculator

,

java

,

code

Topic

Java Programming Language

Participating Experts
3
Points
50
Comments
11

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Answers

 

Expert Comment

by: dbkrugerPosted on 2005-10-09 at 19:07:25ID: 15049687

Rank: Guru

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Expert Comment

by: ejustePosted on 2005-10-09 at 19:12:27ID: 15049697

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Accepted Solution

by: ricjavaPosted on 2005-10-09 at 20:53:24ID: 15049979

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Expert Comment

by: DeanHorakPosted on 2005-10-10 at 03:57:34ID: 15051285

Rank: Guru

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Expert Comment

by: ejustePosted on 2005-10-10 at 18:00:44ID: 15056845

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Expert Comment

by: DeanHorakPosted on 2005-10-10 at 19:13:49ID: 15057170

Rank: Guru

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Expert Comment

by: ejustePosted on 2005-10-10 at 19:30:33ID: 15057273

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Assisted Solution

by: DeanHorakPosted on 2005-10-10 at 19:46:12ID: 15057335

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