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# java mortgage calcuator using array for 3 different loan

 P: 4 Need help programming mortagage calculator for 3 different loans 7 year, 15 year and 30 year. using java array I am a beginner with Java, This is what I have so far. Need to know if I am off the path, import java.math.*;//*loan calculator import java.text.*;//*formats numbers public class 3 Mortgage loans { // declare class variable array int[] mortgage calculator //construct the array mortgage calculator = new int; Expand|Select|Wrap|Line Numbers     Expand|Select|Wrap|Line Numbers          double loan = 200000             double term1 =360//*360 month for 30 year mortgage             double interRate1 = 0.0575; //*5.75% 5.75/100interest rate 30year mortgage              double monthlyRate1 = (interestRate1/12)             double term2 = 84//*7year mortgage loan             double interestRate2 = 0.0535;//*5.35 5.35/100 interest rate 7 year mortgage             double monthlyRate2 = (interestRate2/12);//*rate calculation on 7 year mortgage loan             double term3 = 180            // 15 year mortgage             double interestRate3 = 0.0550;//*5.5 5.5/100 interest rate on 15 year mortgage             double monthlyRate3 = (interestRate3/12);//* monthlyRate for 15 year mortgage               //Discount factr calculator for the three loans             double discountFactor1 = (Math.pow ((1 + monthlyRate1),             term1)-1/(monthlyRate1 * Math.pow((1 + monthlyRate1),term1));               double discountFactor2 = (Math.pow((1  + monthlyRate2),term2)-1/             (monthlyRate2* Math.pow((1 + monthlyRate2),term2));               double discountFactor3 = (Math.pow((1 + monthlyRate3), term3) - 1)/             (monthlyRate3 * Math.pow((1 + monthlyRate3), term3));               double payment1 = loan/discountFactor1; //*Rate Calcualtion for 30 yearn mortgage             double payment2 = loan/discountFactor2; //*Rate Calculaion for 7 year morgage             double payment3 = loan/discountFactor3; //*Rate Clculation for 15 year mortgage   Dec 7 '06 #1 