Java Project:Write a menu driven program, which would compute compound interest and a monthly...

Question

Java Project:Write a menu driven program, which would compute compound interest and a monthly payment for a loan. The user will be given a choice to display the info on the screen or to a file. Menu will be the following:Enter (1) to calculate your loan monthly paymentEnter (2) to calculate your loan monthly payment & write to a file  Tips: Compound Interest Formula     A = P (1 + r / n) ^ nt P = principal amount (the initial amount you boow or deposit)  = annual rate of interest (as a decimal)t = number of years the amount is deposited or boowed for.A = amount of money accumulated after n years, including interest.n  =  number of times the interest is compounded per year  You can visit here for further assistance - http:www.calculatorsoup.com/calculators/financial/compound-interest-calculator.phpBottom line, you will be displaying something like the following:Boower’s Name:Boower’s Address:Boower’s Phone:Loan Amount:Interest Rate (APR):Fixed Monthly Payment: Note – always with the option to display in a file or on the screen.

Aditya · Accepted Answer

package loanmonthlypayment;
import java.io.BufferedWriter;
import java.io.FileWriter;
import java.io.IOException;
import java.util.Scanner;
public class Loanmonthlypayment {
    public static void main(String[] args) {
        Scanner sc= new Scanner(System.in);
        int userChoice;
        String borrowerName;
        String borrowerAddress;
        int mobileNumber;
        float p;
        float r;
        float R;
        float t;
        int n;
        System.out.println("Enter (1) to calculate your loan monthly payment");
        System.out.println("Enter (2) to calculate your loan monthly payment & write to a file");
        userChoice = sc.nextInt();
        switch(userChoice)
        {
            case 1:
            {
                System.out.println("Enter Borrower Name");
                borrowerName = sc.next();
                System.out.println("Enter Borrower Address");
                borrowerAddress = sc.next();
                System.out.println("Enter Borrower Phone Number");
                mobileNumber = sc.nextInt();
                System.out.println("Enter The Principal Amount(P)");
                p = sc.nextFloat();
                System.out.println("Enter The Annual Rate Of Interest(R)");
                R = sc.nextFloat();
                System.out.

Java Project: Write a menu driven program, which would compute compound interest and a monthly payment for a loan. The user will be given a choice to display the info on the screen or to a file. Menu...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment