Sunday, September 30, 2012

Java Exercise #8: Compute Loan Payments

This exercise is write a program that computes the loan payments. The loan can be car loan, home loan or student loan

Exercise: Write a program that takes inputs from user for the loan amount, interest rate and tenure and then computes the monthly and total payments

Enter loan amount (Eg: 60000.5): 250000
Enter annual interest rate (Eg: 8.25): 5.75
Enter number of years (Eg: 5): 15

Monthly payment is : 2076.02
Total payment is : 373684.53


Download Code: Compute Loan

1 comment:

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