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4.31 LAB: Months until payoff (JAVA)   Write a program in java that reads a loan amount, payment amount, and interest rate as inputs and outputs the number of payments required until the loan is paid. Interest is added to current balance before a payment is applied. Ex: If current balance is $100.00 and the interest rate is 0.02, the new balance is $102.00 before a payment is applied. All values are doubles. import java.util.Scanner; public class LabProgram {    public static void main(String[] args) {       Scanner scnr = new Scanner(System.in);       /* Type your code here. */    } }

4.31 LAB: Months until payoff (JAVA)   Write a program in java that reads a loan amount, payment amount, and interest rate as inputs and outputs the number of payments required until the loan is paid. Interest is added to current balance before a payment is applied. Ex: If current balance is $100.00 and the interest rate is 0.02, the new balance is $102.00 before a payment is applied. All values are doubles. import java.util.Scanner; public class LabProgram {    public static void main(String[] args) {       Scanner scnr = new Scanner(System.in);       /* Type your code here. */    } }

Database System Concepts
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
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4.31 LAB: Months until payoff (JAVA)

 

Write a program in java that reads a loan amount, payment amount, and interest rate as inputs and outputs the number of payments required until the loan is paid. Interest is added to current balance before a payment is applied. Ex: If current balance is $100.00 and the interest rate is 0.02, the new balance is $102.00 before a payment is applied. All values are doubles.

import java.util.Scanner;

public class LabProgram {
   public static void main(String[] args) {
      Scanner scnr = new Scanner(System.in);

      /* Type your code here. */
   }
}

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