Welcome to the new platform of Programmer's Heaven! We apologize for the inconvenience caused, if you visited us from a broken link of the previous version. The main reason to move to a new platform is to provide more effective and collaborative experience to you all. Please feel free to experience the new platform and use its exciting features. Contact us for any issue that you need to get clarified. We are more than happy to help you.
Can anyone advise me on why I can't get the following code to loop? I'm trying to get continuous calculation until the variable amount = 0.
I will work out display params after I get the loop to work. I'm new to Java, but not coding. This is a simple program so there's probably a simple answer.
My thanks to anyone willing to teach me.
public static void main (String arguments) //create main
int term = 30; //init var for length of loan
double amount = 200000; //init var for loan amt
double pmt = 0; //init var for payment
double rate = .0575; //init var for interest rate
double rateMo = 0; //init var for monthly interest paid
rate = (rate/12); //divide annual rate to get monthly rate
term = (term * 12); //multiply years to get length in months
pmt= (amount * (rate)) / (1-Math.pow(1 + rate, - term)); //compute payment
if (amount > 0) //run if counter >0
java.text.DecimalFormat dec = new java.text.DecimalFormat(",###.00"); //format next output to dollars.cents
This months payment is $" + dec.format (pmt)); //display payment
Your loan balance is $" + dec.format (amount)); //display loan amt
This months interest is $" + dec.format (amount * (rate ))); //montly interest payment
amount -= pmt;
0 · ·