Loan Payments

LoanPayments.java

+// Program:	LoanPayments.java
+// Purpose: This program calculates how much of your loan payment goes to the principal and how much goes to interest.
+// Author:	Brian Vojtko	
+// Date:	10/09/2018
+
+import java.util.Scanner;
+
+public class LoanPayments 
+{
+public static void main(String[] args) 
+	{
+		//Introduction Display
+		System.out.println ("Loan Payments");
+		System.out.println("-----------------");
+		System.out.println("This program calculates how much of your loan payment goes to the principal and how much goes to interest.");
+		System.out.println(" ");
+		
+		Scanner scan = new Scanner(System.in);
+		
+		//Monthly Payment Input
+		double payment = 0.00;
+		System.out.println("Enter your monthly payment: $");
+		payment = scan.nextDouble ();
+	
+		//Outstanding Balance Input
+		double balance = 0.00;
+		System.out.println("Enter your outstanding balance: $");
+		balance = scan.nextDouble ();
+		
+		//Calculation
+		double interest = payment * 0.0451;
+		double principal = payment - interest;
+		interest = (double)((int)((interest + 0.005) * 100))/100;
+		principal = (double)((int)((principal + 0.005) * 100))/100;
+		
+		//Display Results
+		System.out.println("From your payment of $" + payment + ",");
+		System.out.println("$" + interest + " goes to interest.");
+		System.out.println("$" + principal + " goes to the principal.");
+	}
+}