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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
Problem 1PE
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The output from your program should look like the following: run: Car Loan with: Principal: $25000.00 Annual Interest Rate: 4.25% Term of Loan in Months: 72 Monthly Payment: $393.98 Vehicle VIN: IRQ3458977 Primary Mortgage Loan with: Principal: $250000.00 Annual Interest Rate: 3.10% Term of Loan in Months: 360 Monthly Payment: $1067.54 PMI Monthly Amount: $35.12 Property Address: 321 Main Street State College, PA 16801 Unsecured Loan with: Principal: $5000.00 Annual Interest Rate: 10.75% Term of Loan in Months: 48 Monthly Payment: $128.62
Transcribed Image Text:The output from your program should look like the following: run: Car Loan with: Principal: $25000.00 Annual Interest Rate: 4.25% Term of Loan in Months: 72 Monthly Payment: $393.98 Vehicle VIN: IRQ3458977 Primary Mortgage Loan with: Principal: $250000.00 Annual Interest Rate: 3.10% Term of Loan in Months: 360 Monthly Payment: $1067.54 PMI Monthly Amount: $35.12 Property Address: 321 Main Street State College, PA 16801 Unsecured Loan with: Principal: $5000.00 Annual Interest Rate: 10.75% Term of Loan in Months: 48 Monthly Payment: $128.62
public class IQANACCOUNE ( // properties // private instance variable principal private double principal; //static variable "annualInterestRate" private static double annual InterestRate: // constructor public LoanAccount double Principle) { principal Principle; { } // method called calculateMonthlyPayment public double calculateMonthly Payment(int numberofRavmenta) ( double monthlyinteresat = annualinterestRate / 12: double monthlyPayment principal Math Bowl + monthlvinterest, -numberofRaTENFR) ) ); return monthlyPayment: } (monthivinterest / (1 - // a static method serAnnualInterestBate public static void setannualInterestRate(double AnnualInterestRate) annualInterestRate = AnnualInterestRate: } public static void main(String[] args) { // principal loan amounts of $5000.00 and $31000.00 double principlelAmount = 5000, principle2Amount = 31000: // Instantiate two loan objects LoanAccount, loan1 = new LoanAccount (principlelAmount); LoanAccount, loan2 = new IQARAGGOURE (principle2Amount); // display results SKAREM QUE DEÍn("Monthly payments for loanl of $%.2f and loan2 $%.2f for 3, 5, and 6 year loans at 1 & infexeshin”, principlelAmount, principle 2 Amount); // Set annualIntexestrate to 1%, serAnnualInterstate (0.01); System.out.println("Loan 3 years 5 years 6 years" // calculate the monthly payment for each loan for 36 months, 60 months, and 72 months and print the monthly payment amounts for both loans. Skatem.que Brinkf("Loan1 .2 %.2f $.2f\n", loanl.calculateMonthlyPayment (3 * 12), loanl.calculateMonthlyPayment (5 * 12), loanl.calculateMonthlyPayment (6 * 12)): Skatem. QUEDEINEE("Loan2.2 %.2f $.2f\n", n2.calculateMonthlyPayment (312), loan2.calculateMonthlyPayment (5 * 12), loan2.calculateMonthlyPayment (6 * 12): Skatem.out.prİNER("Monthly payments for loan1 of $%.2f and loan2. $%.2f for 3, 5, and 6 year loans at 5 & interestin", principlelAmount, principle 2 Amount); // set the annualIntexestRate to 5% } serAnnualInterestRate(0.05); Svatem.out.println("Loan 3 years 5 years 6 years"): Skatem que printf("Loani .21 %.2f $.2fin", loanl.calculateMonthlyPayment (312), loanl.calculateMonthlyPayment (5 * 12), loan1.calculateMonthlyPayment (6 * 12): Skatem. Que printf("Loan2 .2f $.2f $.2f%n", loan2.calculateMonthlyPayment (3 * 12), loan2.calculateMonthlyPayment (5 12), loan2.calculateMonthlyPayment (6 * 12): (Ctrl)
Transcribed Image Text:public class IQANACCOUNE ( // properties // private instance variable principal private double principal; //static variable "annualInterestRate" private static double annual InterestRate: // constructor public LoanAccount double Principle) { principal Principle; { } // method called calculateMonthlyPayment public double calculateMonthly Payment(int numberofRavmenta) ( double monthlyinteresat = annualinterestRate / 12: double monthlyPayment principal Math Bowl + monthlvinterest, -numberofRaTENFR) ) ); return monthlyPayment: } (monthivinterest / (1 - // a static method serAnnualInterestBate public static void setannualInterestRate(double AnnualInterestRate) annualInterestRate = AnnualInterestRate: } public static void main(String[] args) { // principal loan amounts of $5000.00 and $31000.00 double principlelAmount = 5000, principle2Amount = 31000: // Instantiate two loan objects LoanAccount, loan1 = new LoanAccount (principlelAmount); LoanAccount, loan2 = new IQARAGGOURE (principle2Amount); // display results SKAREM QUE DEÍn("Monthly payments for loanl of $%.2f and loan2 $%.2f for 3, 5, and 6 year loans at 1 & infexeshin”, principlelAmount, principle 2 Amount); // Set annualIntexestrate to 1%, serAnnualInterstate (0.01); System.out.println("Loan 3 years 5 years 6 years" // calculate the monthly payment for each loan for 36 months, 60 months, and 72 months and print the monthly payment amounts for both loans. Skatem.que Brinkf("Loan1 .2 %.2f $.2f\n", loanl.calculateMonthlyPayment (3 * 12), loanl.calculateMonthlyPayment (5 * 12), loanl.calculateMonthlyPayment (6 * 12)): Skatem. QUEDEINEE("Loan2.2 %.2f $.2f\n", n2.calculateMonthlyPayment (312), loan2.calculateMonthlyPayment (5 * 12), loan2.calculateMonthlyPayment (6 * 12): Skatem.out.prİNER("Monthly payments for loan1 of $%.2f and loan2. $%.2f for 3, 5, and 6 year loans at 5 & interestin", principlelAmount, principle 2 Amount); // set the annualIntexestRate to 5% } serAnnualInterestRate(0.05); Svatem.out.println("Loan 3 years 5 years 6 years"): Skatem que printf("Loani .21 %.2f $.2fin", loanl.calculateMonthlyPayment (312), loanl.calculateMonthlyPayment (5 * 12), loan1.calculateMonthlyPayment (6 * 12): Skatem. Que printf("Loan2 .2f $.2f $.2f%n", loan2.calculateMonthlyPayment (3 * 12), loan2.calculateMonthlyPayment (5 12), loan2.calculateMonthlyPayment (6 * 12): (Ctrl)
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