From d4d5768758f45da627425acbbd22b072d3617199 Mon Sep 17 00:00:00 2001
From: bjv33 <bjv33@cs.drexel.edu>
Date: Tue, 23 Oct 2018 21:18:26 -0400
Subject: [PATCH] Loan Payments
---
LoanPayments.java | 41 +++++++++++++++++++++++++++++++++++++++++
1 file changed, 41 insertions(+)
create mode 100644 LoanPayments.java
diff --git a/LoanPayments.java b/LoanPayments.java
new file mode 100644
index 0000000..0f1089d
--- /dev/null
+++ b/LoanPayments.java
@@ -0,0 +1,41 @@
+// 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.");
+ }
+}
--
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