Mortgage Calculator

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
*
*/
Powered by