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Essay Details:
Essay text:
Do not use a graphical user interface. Insert comments in
the program to document the program.
*/
import java.io.IOException;
import java.text.DecimalFormat;
public class MortgageSchedule //class header
{
public static void main(String[] args) //method header
{
DecimalFormat twoDigits = new DecimalFormat("0.00"); //formats the salary amount into 2 decimal places
//declare variables and arrays
double mortgage =200000;
double payment =0; //payment amount monthly
double interest =.0575; // Interest Rate (APR)
double interstmorate =(interest/12); //interest rate (monthly)
int term =30; // 30 years
int termmo =(term*12); //terms put into months
int linecount =20; //displays 20 lines
double totalpay =0; //Total mortgage amount + interest to be paid
double number =0; //number of payments made
double principalmo =0; //principal paid monthly
double interestmo =0; //interest paid monthly
double balance = mortgage;
// formats numbers to display only two decimal places
java...
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