Mortgage Calculator 3
September 23rd, 2009
Write the program in Java (with a graphical user interface) so that it will allow the user to select
which way they want to calculate a mortgage: by input of the amount of the mortgage, the term of the
mortgage, and the interest rate of the mortgage payment or by input of the amount of a mortgage and
then select from a menu of mortgage loans:
- 7 year at 5.35%
- 15 year at 5.5 %
- 30 year at 5.75%
In either case, display the mortgage payment amount and then, list the loan balance and interest paid
for each payment over the term of the loan. Allow the user to loop back and enter a new amount and
make a new selection, or quit. Insert comments in the program to document the program.
