You are working as a computer programmer for a mortgage company that provides loans to consumers for residential housing. Your task is to create an application to be used by the company's loan officers when presenting loan options to its customers. The application will be a mortgage calculator that determines a monthly payment for loans and produces an amortization schedule for the life of the loan. The company offers 20, 25, 30, and 40-year fixed loans. Loan amounts are between 100000 and 250000. Annual Interest rate must be >= 1.0 and <= 10.0.

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
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You are working as a computer programmer for a mortgage company that provides loans to consumers for residential housing. Your task is to create an application to be used by the company's loan officers when presenting loan options to its customers. The application will be a mortgage calculator that determines a monthly payment for loans and produces an amortization schedule for the life of the loan.

The company offers 20, 25, 30, and 40-year fixed loans.

Loan amounts are between 100000 and 250000.

Annual Interest rate must be >= 1.0 and <= 10.0.

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