converting string to percentage rate

>> I receive error from compiler- MortgageGui1.java:58: cannot find symbol

That's a different problem than: >> How do you convert a string to a percentage rate?

What symbol does it say is unrecognized?

Hi pgmtkl,

Be sure to use the following packages :

import javax.swing.*;
import java.text.*;

Hi. I had java.text.decimal format imported but i did change that to java.text.* and it was ok.  However, the calculation is still off. I have posted the code below. The program compiles and runs, but something is not right, I beleive it is with the percentage rate. Am i missing something?


import javax.swing.*;
import java.text.*;//DecimalFormat;
import java.math.*;
import java.lang.*;



public class MortgageGui1
{
      //public static void main(String[] args)throws Exception

 public static void main(String[] args) throws Exception
 {
  int val = 0;
  String amount;
  String rate;
  String term;
  int response = 0;
  boolean valid = true;
 double termValue;
 double amountValue;
 double rateValue;



  do{    
            // The showInoutDialog is a method of JOptionPane and its return value is a string.
                        // Since the return value is a string, it is necessary that "grade" should be of a string
                        // datatype too.
                        
            amount = JOptionPane.showInputDialog(null,"Please enter amount to be financed:", " ", JOptionPane.QUESTION_MESSAGE);
            amountValue = Double.parseDouble(amount);


                        try {
                        
                                    // parseInt is a method of class Integer. parseInt converts a string into an integer value
                                    val = Integer.parseInt(amount);
                                     
                                    if (val < 0){
                                            JOptionPane.showMessageDialog(null, "Amount cannot be less than 0", "Error", JOptionPane.ERROR_MESSAGE);       
                                       continue;
                                    }
                                    else if (val > 2000000) {
                                       JOptionPane.showMessageDialog(null, "Amount cannot exceed $2,000,000", "Error", JOptionPane.ERROR_MESSAGE);
                             continue;                  
                                    }
                                    }
                              
                              catch(Exception e) {
                              // Error with the amount
                                    JOptionPane.showMessageDialog(null, "Error, invalid entry", "Error", JOptionPane.ERROR_MESSAGE);
                                    continue;
                              }      
                              
                        rate = JOptionPane.showInputDialog(null,"Please enter annual finance rate:", " ", JOptionPane.QUESTION_MESSAGE);
                        //rateValue = percentFormat.parse(rate);
                          rateValue = Double.parseDouble(rate);
                        try {
                                    val = Integer.parseInt(rate);
                                    
                                    if (val <0){
                                    JOptionPane.showMessageDialog(null, "Annual Finance rate cannot be less than 0", "Error", JOptionPane.ERROR_MESSAGE);       
                                       continue;
                                    }
                                    else if (val > 14) {
                                       JOptionPane.showMessageDialog(null, "Annual Finance Rate cannot exceed 14%", "Error", JOptionPane.ERROR_MESSAGE);
                             continue;      
                                    }
                                    }
                                    catch(Exception e) {
                              // Error with the amount
                                    JOptionPane.showMessageDialog(null, "Error, invalid entry", "Error", JOptionPane.ERROR_MESSAGE);
                                    continue;
                              }
                              
                        term = JOptionPane.showInputDialog(null,"Please enter months/term of loan:", " ", JOptionPane.QUESTION_MESSAGE);
                        termValue = Double.parseDouble(term);


                        try {
                                    val = Integer.parseInt(term);
                                    
                                    if (val <0){
                                    JOptionPane.showMessageDialog(null, "Months/Term cannot be less than 0", "Error", JOptionPane.ERROR_MESSAGE);       
                                       continue;
                                    }
                                    else if (val > 480) {
                                       JOptionPane.showMessageDialog(null, "Months/Term cannot exceed 480 months", "Error", JOptionPane.ERROR_MESSAGE);
                             continue;      
                        }
                        }
                                    catch(Exception e) {
                              // Error with the amount
                                    JOptionPane.showMessageDialog(null, "Error, invalid entry", "Error", JOptionPane.ERROR_MESSAGE);
                                    continue;
                        
                        }
                        
                        //calculation of mortgage
                        //double rate -interest is entered by user above
                        //double amount- loan amount is entered by user above
                        //double intValue;
                        //intValue = rate/12; //*Monthy interest to be used in calculation
                        double J=rateValue/12;
                        //term - term of loan is entered by user above
                        DecimalFormat df = new DecimalFormat("$#,###.00");// to display amount in correct format
                        
                        //double mortgage = (Math.pow((1 + J), term) -1) / (J * Math.pow((1 + J), term));
                        //double payment = amount/ mortgage; //*Rate Calculation

double mortgage = (Math.pow((1 + J), termValue) - 1)
/ (J * Math.pow((1 + J), termValue));
double payment = amountValue / mortgage; //*Rate Calculation


                    String endAmount = "Your monthly mortgage payment is " + df.format(payment);
                        
            if (val > 0) {
                              JOptionPane.showMessageDialog(null,endAmount,"Information",JOptionPane.INFORMATION_MESSAGE);
                 //      JOptionPane.showMessageDialog(null,"Your monthly mortgage payment is " + payment,"Information",JOptionPane.INFORMATION_MESSAGE);
             
                     response = JOptionPane.showConfirmDialog(null,"Would you like to perform another calculation?",
                     "Try Again?",JOptionPane.YES_NO_OPTION);
                        }
            }
            while (response == 0);                  
            }
      
}
// End of program

What formula is to be used (in plain maths)? Perhaps this is wrong:

>> double mortgage = (Math.pow((1 + J), termValue) - 1) / (J * Math.pow((1 + J), termValue));
>> double payment = amountValue / mortgage;

>>
                     rateValue = Double.parseDouble(rate);
                    try {
                              val = Integer.parseInt(rate);
>>

Don't try to parse double values as integer.

remove the following lines :

                              val = Integer.parseInt(rate);
...
                              val = Integer.parseInt(term);

and use double constant to compare
    if (rateValue > 14.0)
...

And
                              val = Integer.parseInt(amount);

Hi,

try this example::::

/*
 * InputVerificationDemo.java is a 1.4 example that
 * requires no other files.
 */

import java.util.Set;
import java.util.HashSet;

import java.awt.*;
import java.awt.event.*;

import javax.swing.*;
import javax.swing.event.*;
import javax.swing.text.*;

import java.beans.PropertyChangeListener;
import java.beans.PropertyChangeEvent;

import java.text.*;

/**
 * InputVerificationDemo.java is a 1.4 example that
 * requires no other files.
 *
 * Yet another mortgage calculator.
 * However, instead of using a formatted text field,
 * as shown in FormattedTextFieldDemo, this example
 * uses input verification to validate user input.
 */
public class InputVerificationDemo extends JPanel {
    //Default values
    private static double DEFAULT_AMOUNT = 100000;
    private static double DEFAULT_RATE = 7.5; //7.5%
    private static int DEFAULT_PERIOD = 30;

    //Labels to identify the text fields
    private JLabel amountLabel;
    private JLabel rateLabel;
    private JLabel numPeriodsLabel;
    private JLabel paymentLabel;

    //Strings for the labels
    private static String amountString = "Loan Amount (10,000-10,000,000): ";
    private static String rateString = "APR (>= 0%): ";
    private static String numPeriodsString = "Years (1-40): ";
    private static String paymentString = "Monthly Payment: ";

    //Text fields for data entry
    private JTextField amountField;
    private JTextField rateField;
    private JTextField numPeriodsField;
    private JTextField paymentField;

    //Formats to format and parse numbers
    private NumberFormat moneyFormat;
    private NumberFormat percentFormat;
    private DecimalFormat decimalFormat;
    private DecimalFormat paymentFormat;
    private MyVerifier verifier = new MyVerifier();

    public InputVerificationDemo() {
        super(new BorderLayout());
        setUpFormats();
        double payment = computePayment(DEFAULT_AMOUNT,
                                        DEFAULT_RATE,
                                        DEFAULT_PERIOD);

        //Create the labels.
        amountLabel = new JLabel(amountString);
        rateLabel = new JLabel(rateString);
        numPeriodsLabel = new JLabel(numPeriodsString);
        paymentLabel = new JLabel(paymentString);

        //Create the text fields and set them up.
        amountField = new JTextField(moneyFormat.format(DEFAULT_AMOUNT), 10);
        amountField.setInputVerifier(verifier);

        rateField = new JTextField(percentFormat.format(DEFAULT_RATE), 10);
        rateField.setInputVerifier(verifier);

        numPeriodsField = new JTextField(decimalFormat.format(DEFAULT_PERIOD), 10);
        numPeriodsField.setInputVerifier(verifier);

        paymentField = new JTextField(paymentFormat.format(payment), 10);
        paymentField.setInputVerifier(verifier);
        paymentField.setEditable(false);
        //Remove this component from the focus cycle.
        paymentField.setFocusable(false);
        paymentField.setForeground(Color.red);

        //Register an action listener to handle Return.
        amountField.addActionListener(verifier);
        rateField.addActionListener(verifier);
        numPeriodsField.addActionListener(verifier);

        //Tell accessibility tools about label/textfield pairs.
        amountLabel.setLabelFor(amountField);
        rateLabel.setLabelFor(rateField);
        numPeriodsLabel.setLabelFor(numPeriodsField);
        paymentLabel.setLabelFor(paymentField);

        //Lay out the labels in a panel.
        JPanel labelPane = new JPanel(new GridLayout(0,1));
        labelPane.add(amountLabel);
        labelPane.add(rateLabel);
        labelPane.add(numPeriodsLabel);
        labelPane.add(paymentLabel);

        //Layout the text fields in a panel.
        JPanel fieldPane = new JPanel(new GridLayout(0,1));
        fieldPane.add(amountField);
        fieldPane.add(rateField);
        fieldPane.add(numPeriodsField);
        fieldPane.add(paymentField);

        //Put the panels in this panel, labels on left,
        //text fields on right.
        setBorder(BorderFactory.createEmptyBorder(20, 20, 20, 20));
        add(labelPane, BorderLayout.CENTER);
        add(fieldPane, BorderLayout.LINE_END);
    }

    class MyVerifier extends InputVerifier
                     implements ActionListener {
        double MIN_AMOUNT = 10000.0;
        double MAX_AMOUNT = 10000000.0;
        double MIN_RATE = 0.0;
        int MIN_PERIOD = 1;
        int MAX_PERIOD = 40;

       public boolean shouldYieldFocus(JComponent input) {
            boolean inputOK = verify(input);
            makeItPretty(input);
            updatePayment();

            if (inputOK) {
                return true;
            } else {
                Toolkit.getDefaultToolkit().beep();
                return false;
            }
        }

        protected void updatePayment() {
            double amount = DEFAULT_AMOUNT;
            double rate = DEFAULT_RATE;
            int numPeriods = DEFAULT_PERIOD;
            double payment = 0.0;

            //Parse the values.
            try {
                amount = moneyFormat.parse(amountField.getText()).
                                  doubleValue();
            } catch (ParseException pe) {}
            try {
                rate = percentFormat.parse(rateField.getText()).
                                     doubleValue();
            } catch (ParseException pe) {}
            try {
                numPeriods = decimalFormat.parse(numPeriodsField.getText()).
                                  intValue();
            } catch (ParseException pe) {}

            //Calculate the result and update the GUI.
            payment = computePayment(amount, rate, numPeriods);
            paymentField.setText(paymentFormat.format(payment));
        }

        //This method checks input, but should cause no side effects.
        public boolean verify(JComponent input) {
            return checkField(input, false);
        }

        protected void makeItPretty(JComponent input) {
            checkField(input, true);
        }

        protected boolean checkField(JComponent input, boolean changeIt) {
            if (input == amountField) {
                return checkAmountField(changeIt);
            } else if (input == rateField) {
                return checkRateField(changeIt);
            } else if (input == numPeriodsField) {
                return checkNumPeriodsField(changeIt);
            } else {
                return true; //shouldn't happen
            }
        }

        //Checks that the amount field is valid.  If it is valid,
        //it returns true; otherwise, returns false.  If the
        //change argument is true, this method reigns in the
        //value if necessary and (even if not) sets it to the
        //parsed number so that it looks good -- no letters,
        //for example.
        protected boolean checkAmountField(boolean change) {
            boolean wasValid = true;
            double amount = DEFAULT_AMOUNT;

            //Parse the value.
            try {
                amount = moneyFormat.parse(amountField.getText()).
                                  doubleValue();
            } catch (ParseException pe) {
                wasValid = false;
            }

            //Value was invalid.
            if ((amount < MIN_AMOUNT) || (amount > MAX_AMOUNT)) {
                wasValid = false;
                if (change) {
                    if (amount < MIN_AMOUNT) {
                        amount = MIN_AMOUNT;
                    } else { // amount is greater than MAX_AMOUNT
                        amount = MAX_AMOUNT;
                    }
                }
            }

            //Whether value was valid or not, format it nicely.
            if (change) {
                amountField.setText(moneyFormat.format(amount));
                amountField.selectAll();
            }

            return wasValid;
        }

        //Checks that the rate field is valid.  If it is valid,
        //it returns true; otherwise, returns false.  If the
        //change argument is true, this method reigns in the
        //value if necessary and (even if not) sets it to the
        //parsed number so that it looks good -- no letters,
        //for example.
        protected boolean checkRateField(boolean change) {
            boolean wasValid = true;
            double rate = DEFAULT_RATE;

            //Parse the value.
            try {
                rate = percentFormat.parse(rateField.getText()).
                                     doubleValue();
            } catch (ParseException pe) {
                wasValid = false;
            }

            //Value was invalid.
            if (rate < MIN_RATE) {
                wasValid = false;
                if (change) {
                    rate = MIN_RATE;
                }
            }

            //Whether value was valid or not, format it nicely.
            if (change) {
                rateField.setText(percentFormat.format(rate));
                rateField.selectAll();
            }

            return wasValid;
        }

        //Checks that the numPeriods field is valid.  If it is valid,
        //it returns true; otherwise, returns false.  If the
        //change argument is true, this method reigns in the
        //value if necessary and (even if not) sets it to the
        //parsed number so that it looks good -- no letters,
        //for example.
        protected boolean checkNumPeriodsField(boolean change) {
            boolean wasValid = true;
            int numPeriods = DEFAULT_PERIOD;

            //Parse the value.
            try {
                numPeriods = decimalFormat.parse(numPeriodsField.getText()).
                                  intValue();
            } catch (ParseException pe) {
                wasValid = false;
            }

            //Value was invalid.
            if ((numPeriods < MIN_PERIOD) || (numPeriods > MAX_PERIOD)) {
                wasValid = false;
                if (change) {
                    if (numPeriods < MIN_PERIOD) {
                        numPeriods = MIN_PERIOD;
                    } else { // numPeriods is greater than MAX_PERIOD
                        numPeriods = MAX_PERIOD;
                    }
                }
            }

            //Whether value was valid or not, format it nicely.
            if (change) {
                numPeriodsField.setText(decimalFormat.format(numPeriods));
                numPeriodsField.selectAll();
            }

            return wasValid;
        }

        public void actionPerformed(ActionEvent e) {
            JTextField source = (JTextField)e.getSource();
            shouldYieldFocus(source); //ignore return value
            source.selectAll();
        }
    }

    /**
     * Create the GUI and show it.  For thread safety,
     * this method should be invoked from the
     * event-dispatching thread.
     */
    private static void createAndShowGUI() {
        //Make sure we have nice window decorations.
        JFrame.setDefaultLookAndFeelDecorated(true);

        //Create and set up the window.
        JFrame frame = new JFrame("InputVerificationDemo");
        frame.setDefaultCloseOperation(JFrame.EXIT_ON_CLOSE);

        //Create and set up the content pane.
        JComponent newContentPane = new InputVerificationDemo();
        newContentPane.setOpaque(true); //content panes must be opaque
        frame.setContentPane(newContentPane);

        //Display the window.
        frame.pack();
        frame.setVisible(true);
    }

    public static void main(String[] args) {
        //Schedule a job for the event-dispatching thread:
        //creating and showing this application's GUI.
        javax.swing.SwingUtilities.invokeLater(new Runnable() {
            public void run() {
                createAndShowGUI();
            }
        });
    }

    //Compute the monthly payment based on the loan amount,
    //APR, and length of loan.
    double computePayment(double loanAmt, double rate, int numPeriods) {
        double I, partial1, denominator, answer;

        numPeriods *= 12;        //get number of months
        if (rate > 0.01) {
            I = rate / 100.0 / 12.0;         //get monthly rate from annual
            partial1 = Math.pow((1 + I), (0.0 - numPeriods));
            denominator = (1 - partial1) / I;
        } else { //rate ~= 0
            denominator = numPeriods;
        }

        answer = (-1 * loanAmt) / denominator;
        return answer;
    }

    //Create and set up number formats. These objects are used
    //for both parsing input and formatting output.
    private void setUpFormats() {
        moneyFormat = (NumberFormat)NumberFormat.getNumberInstance();

        percentFormat = NumberFormat.getNumberInstance();
        percentFormat.setMinimumFractionDigits(3);

        decimalFormat = (DecimalFormat)NumberFormat.getNumberInstance();
        decimalFormat.setParseIntegerOnly(true);

        paymentFormat = (DecimalFormat)NumberFormat.getNumberInstance();
        paymentFormat.setMaximumFractionDigits(2);
        paymentFormat.setNegativePrefix("(");
        paymentFormat.setNegativeSuffix(")");
    }
}


R.K

webstorm: i tried this but the calculation is still off. I know the formula works because i used the exact formula in a program that did not have the gui interface. When i removed the try { val=interger lines the program continuily loops. Are there other statements missing that i overlooked???

this is the updated program which just loops:
import javax.swing.*;
import java.text.*; //DecimalFormat;
import java.math.*;
import java.lang.*;



public class MortgageGui1
{
      //public static void main(String[] args)throws Exception

 public static void main(String[] args) throws Exception
 {
  int val = 0;
  String amount;
  String rate;
  String term;
  int response = 0;
  boolean valid = true;
 double termValue;
 double amountValue;
 double rateValue;



  do{    
            // The showInoutDialog is a method of JOptionPane and its return value is a string.
                        // Since the return value is a string, it is necessary that "grade" should be of a string
                        // datatype too.
                        
            amount = JOptionPane.showInputDialog(null,"Please enter amount to be financed:", " ", JOptionPane.QUESTION_MESSAGE);
            amountValue = Double.parseDouble(amount);


                        try {
                               // parseInt is a method of class Integer. parseInt converts a string into an integer value
                              //      val = Integer.parseInt(amount);
                                     
                                    if (val < 0){
                                            JOptionPane.showMessageDialog(null, "Amount cannot be less than 0", "Error", JOptionPane.ERROR_MESSAGE);       
                                       continue;
                                    }
                                    else if (val > 2000000) {
                                       JOptionPane.showMessageDialog(null, "Amount cannot exceed $2,000,000", "Error", JOptionPane.ERROR_MESSAGE);
                             continue;                  
                                    }
                                    }
                              
                              catch(Exception e) {
                              // Error with the amount
                                    JOptionPane.showMessageDialog(null, "Error, invalid entry", "Error", JOptionPane.ERROR_MESSAGE);
                                    continue;
                              }      
                              
                        rate = JOptionPane.showInputDialog(null,"Please enter finance rate:", " ", JOptionPane.QUESTION_MESSAGE);
                        rateValue = Double.parseDouble(rate);

                        try {
                              //      val = Integer.parseInt(rate);
                               
                                    if (val <0){
                                    JOptionPane.showMessageDialog(null, "Finance rate cannot be less than 0", "Error", JOptionPane.ERROR_MESSAGE);       
                                       continue;
                                    }
                                    else if (val > 14.0) {
                                       JOptionPane.showMessageDialog(null, "Finance Rate cannot exceed 14%", "Error", JOptionPane.ERROR_MESSAGE);
                             continue;      
                                    }
                                    }
                                    catch(Exception e) {
                              // Error with the amount
                                    JOptionPane.showMessageDialog(null, "Error, invalid entry", "Error", JOptionPane.ERROR_MESSAGE);
                                    continue;
                              }
                              
                        term = JOptionPane.showInputDialog(null,"Please enter term:", " ", JOptionPane.QUESTION_MESSAGE);
                        termValue = Double.parseDouble(term);


                        try {
                        //            val = Integer.parseInt(term);
                         
            
                                    if (val <0){
                                    JOptionPane.showMessageDialog(null, "Term cannot be less than 0", "Error", JOptionPane.ERROR_MESSAGE);       
                                       continue;
                                    }
                                    else if (val > 480) {
                                       JOptionPane.showMessageDialog(null, "Finance Rate cannot exceed 480 months", "Error", JOptionPane.ERROR_MESSAGE);
                             continue;      
                        }
                        }
                                    catch(Exception e) {
                              // Error with the amount
                                    JOptionPane.showMessageDialog(null, "Error, invalid entry", "Error", JOptionPane.ERROR_MESSAGE);
                                    continue;
                        
                        }
                        
                        //calculation of mortgage
                        //double rate -interest is entered by user above
                        //double amount- loan amount is entered by user above
                        //double intValue;
                        //intValue = rate/12; //*Monthy interest to be used in calculation
                        double J=rateValue/12;
                        //term - term of loan is entered by user above
                        DecimalFormat df = new DecimalFormat("$#,###.00");// to display amount in correct format
                        
                        //double mortgage = (Math.pow((1 + J), term) -1) / (J * Math.pow((1 + J), term));
                        //double payment = amount/ mortgage; //*Rate Calculation

double mortgage = (Math.pow((1 + J), termValue) - 1)
/ (J * Math.pow((1 + J), termValue));
double payment = amountValue / mortgage; //*Rate Calculation


                    String endAmount = "Your monthly mortgage payment is " + df.format(payment);
                        
            if (val > 0) {
                              JOptionPane.showMessageDialog(null,endAmount,"Information",JOptionPane.INFORMATION_MESSAGE);
                 //      JOptionPane.showMessageDialog(null,"Your monthly mortgage payment is " + payment,"Information",JOptionPane.INFORMATION_MESSAGE);
             
                     response = JOptionPane.showConfirmDialog(null,"Would you like to perform another calculation?",
                     "Try Again?",JOptionPane.YES_NO_OPTION);
                        }
            }
            while (response == 0);                  
            }
      
}
// End of program

What is the input you gave, output you expect and what is the output that came?

1)  Don't use "val" variable as you don't need it anymore :

            amount = JOptionPane.showInputDialog(null,"Please enter amount to be financed:", " ", JOptionPane.QUESTION_MESSAGE);
            amountValue = Double.parseDouble(amount);


                    try {
                          // parseInt is a method of class Integer. parseInt converts a string into an integer value
                         //     val = Integer.parseInt(amount);
                               
                              if (amountValue < 0.0){
                                     JOptionPane.showMessageDialog(null, "Amount cannot be less than 0", "Error", JOptionPane.ERROR_MESSAGE);      
                                 continue;
                              }
                              else if (amountValue > 2000000.0) {
                                 JOptionPane.showMessageDialog(null, "Amount cannot exceed $2,000,000", "Error", JOptionPane.ERROR_MESSAGE);
                           continue;              
                              }
                              }

2)
>>            if (val > 0) {
do you mean :
                 if (endAmount>0.0) {
?

3) This part of code should be outside the  if  block, otherwise response is not initialized when the condition is false.
                  response = JOptionPane.showConfirmDialog(null,"Would you like to perform another calculation?",
                  "Try Again?",JOptionPane.YES_NO_OPTION);

I get the following error when i updated this section of the code:j ava:122: operator > cannot be applied to java.lang.String,double. Updated code it below. I think i moved outside of if statement, did i do something wrong??

           
if (endAmount > 0.0) {
                          ^

                    String endAmount = "Your monthly mortgage payment is " + df.format(payment);
                        
            if (endAmount > 0.0) {
                              JOptionPane.showMessageDialog(null,endAmount,"Information",JOptionPane.INFORMATION_MESSAGE);
                 //      JOptionPane.showMessageDialog(null,"Your monthly mortgage payment is " + payment,"Information",JOptionPane.INFORMATION_MESSAGE);
            }
                        {
                     response = JOptionPane.showConfirmDialog(null,"Would you like to perform another calculation?",
                     "Try Again?",JOptionPane.YES_NO_OPTION);
                        }
            }
            while (response == 0);                  
            }
      
}
// End of program

>>            if (endAmount > 0.0)
I didn't saw it was a String,  instead remove the if condition.


                 String endAmount = "Your monthly mortgage payment is " + df.format(payment);
                   
               JOptionPane.showMessageDialog(null,endAmount,"Information",JOptionPane.INFORMATION_MESSAGE);
                //     JOptionPane.showMessageDialog(null,"Your monthly mortgage payment is " + payment,"Information",JOptionPane.INFORMATION_MESSAGE);

                  response = JOptionPane.showConfirmDialog(null,"Would you like to perform another calculation?",
                  "Try Again?",JOptionPane.YES_NO_OPTION);
          }
          while (response == 0);              
      }
   
}
// End of program

thanks that works. The mortgage amount is still off. I think i need to divide the percentage rate by 100 to get the correct calculation. Is there a way to do that?

  rateValue = Double.parseDouble(rate) / 100.0;


As you don't need the val variable, remove the line
     int val = 0;
and recompile. If you get errors, your code still use it, and need to be corrected.

that worked. the calculated amount seems right. I was running program to make sure the if else if statements work at when you emter the amounts greater than what i have set the limit , the program accepts it. I have a gui box that is suppose to pop up and say there is an error. Are the statements wrong?


  amount = JOptionPane.showInputDialog(null,"Please enter amount to be financed:", " ", JOptionPane.QUESTION_MESSAGE);
            amountValue = Double.parseDouble(amount);


                        try {
                        
                                    // parseInt is a method of class Integer. parseInt converts a string into an integer value
                                    //val = Integer.parseInt(amount);
                                     
                                    if (val < 0.0){
                                            JOptionPane.showMessageDialog(null, "Amount cannot be less than 0", "Error", JOptionPane.ERROR_MESSAGE);       
                                       continue;
                                    }
                                    else if (val > 2000000.00) {
                                       JOptionPane.showMessageDialog(null, "Amount cannot exceed $2,000,000", "Error", JOptionPane.ERROR_MESSAGE);
                             continue;                  
                                    }
                                    }
                              
                              catch(Exception e) {
                              // Error with the amount
                                    JOptionPane.showMessageDialog(null, "Error, invalid entry", "Error", JOptionPane.ERROR_MESSAGE);
                                    continue;
                              }      
                              
                        rate = JOptionPane.showInputDialog(null,"Please enter annual finance rate:", " ", JOptionPane.QUESTION_MESSAGE);
                  //      rateValue = Double.parseDouble(rate);
                  //      rateValue = Integer.parseInt(rate);
                        rateValue = Double.parseDouble(rate) / 100.0;

                        
                        try {
                              //      val = Integer.parseInt(rate);
                                    
                                    if (val <0){
                                    JOptionPane.showMessageDialog(null, "Annual Finance rate cannot be less than 0", "Error", JOptionPane.ERROR_MESSAGE);       
                                       continue;
                                    }
                                    else if (val > 14.0) {
                                       JOptionPane.showMessageDialog(null, "Annual Finance Rate cannot exceed 14%", "Error", JOptionPane.ERROR_MESSAGE);
                             continue;      
                                    }
                                    }
                                    catch(Exception e) {
                              // Error with the amount
                                    JOptionPane.showMessageDialog(null, "Error, invalid entry", "Error", JOptionPane.ERROR_MESSAGE);
                                    continue;
                              }
                              
                        term = JOptionPane.showInputDialog(null,"Please enter months/term of loan:", " ", JOptionPane.QUESTION_MESSAGE);
                        termValue = Double.parseDouble(term);


                        try {
                              //      val = Integer.parseInt(term);
                                    
                                    if (val <0){
                                    JOptionPane.showMessageDialog(null, "Months/Term cannot be less than 0", "Error", JOptionPane.ERROR_MESSAGE);       
                                       continue;
                                    }
                                    else if (val > 480) {
                                       JOptionPane.showMessageDialog(null, "Months/Term cannot exceed 480 months", "Error", JOptionPane.ERROR_MESSAGE);
                             continue;      
                        }
                        }
                                    catch(Exception e) {
                              // Error with the amount
                                    JOptionPane.showMes

I overlooked that. thank you so much, is running perfect. Thanks for all of you help.

:-)