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Loan calculator help

mrn97mrn97 Member Posts: 6
[b][red]This message was edited by mrn97 at 2006-2-23 15:30:5[/red][/b][hr]
I am writing a program that will calculate and display the monthly payment amount to fully amortize a $200,000.00 loan over a 30 year term at 5.75 interest. I am having a little trouble with the formula. can anyone help. I just need to know how to write the calculation to show the monthly payment. I am beginner with Java so any suggestions or examples would be most appreciated.




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  • islam ahmadislam ahmad Member Posts: 47
    : [b][red]This message was edited by mrn97 at 2006-2-23 15:30:5[/red][/b][hr]
    : I am writing a program that will calculate and display the monthly payment amount to fully amortize a $200,000.00 loan over a 30 year term at 5.75‰ interest. I am having a little trouble with the formula. can anyone help. I just need to know how to write the calculation to show the monthly payment. I am beginner with Java so any suggestions or examples would be most appreciated.
    :
    :
    :
    :


    Simply use the formula
    with math extension
    :

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