Description
Write the program in Java (with a graphical user interface) and have it calculate * and display the mortgage payment amount from user input of the amount of the * mortgage and the user’s selection from a menu of available mortgage loans: * * – 7 years at 5.35% * – 15 years at 5.5% * – 30 years at 5.75% * * Use an array for the mortgage data for the different loans. Read the interest * rates to fill the array from a sequential file. Display the mortgage payment * amount followed by the loan balance and interest paid for each payment over * the term of the loan. Add graphics in the form of a chart. Allow the user to * loop back and enter a new amount and make a new selection or quit. * Validation: * Output values successfully compared to the following website. * http://www.bankrate.com/calculators/mortgages/loan-calculator.aspx * * Note: * Loan Calculation Formula adapted from * Dr. Bradley Purdy University of Phoenix * */
