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having error messages with this code for a mortgage calculator
I am just learning java and having a tough time figuring out this error.
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. Display the mortgage payment amount followed by the loan balance and interest paid for each payment over the term of the loan. Allow the user to loop back and enter a new amount and make a new selection or quit. Please insert comments in the program to document the program.
Listening on javadebug
Not able to submit breakpoint LineBreakpoint Calculator.java : 59, reason: No source root found for URL 'file:/C:/Users/Jackfrost/Desktop/week%203/Calculator.java'. Verify the setup of project sources.
Invalid LineBreakpoint Calculator.java : 59
User program running
User program finished
//these packages need to be imported
import java.awt.*;
import java.awt.event.*;
import javax.swing.*;
import javax.swing.JButton;
import javax.swing.JTextField;
import java.text.DecimalFormat;
//this is the calculator class
public class Calculator extends JPanel implements ActionListener
{
protected JComboBox MortCombo;
protected JLabel lblprincipal, lblinterestRate, lblTerm, lblmonthlyPayment;
protected JButton calculate, Clear;
protected JTextField principal, interestRate, Term, monthlyPayment;
protected TextArea MortTextField;
public Calculator()
{
String [] termString = {"7", "15", "30"};
String [] rateString = {"0.535", "0.055", "0.0575"};
//creates labels and fields
lblprincipal=new JLabel("Principal Amount:");
principal = new JTextField("",10);
lblinterestRate=new JLabel("Interest Rate:");
interestRate = new JTextField("",10);
lblTerm=new JLabel("Term:");
Term = new JTextField("",10);
lblmonthlyPayment=new JLabel("Monthly Payment:");
monthlyPayment = new JTextField("",10);
MortCombo=new JComboBox(comboItems);
MortTextField=new TextArea(10,120);
//The buttons are created here
calculate = new JButton("Calculate");
calculate.setActionCommand("GO");
Clear = new JButton("Clear");
Clear.setActionCommand("Clear");
//Added action for buttons here
calculate.addActionListener(this);
Clear.addActionListener(this);
add(lblprincipal);
add(principal);
add(lblinterestRate);
add(MortCombo);
add(lblTerm);
add(Term);
add(lblmonthlyPayment);
add(monthlyPayment);
add(calculate);
add(Clear);
add(MortTextField);
}
public void actionPerformed(ActionEvent e)
{
if ("GO".equals(e.getActionCommand()))
{
CalculateMortgage();
}
else
{
principal.setText("");
interestRate.setText("");
Term.setText("");
monthlyPayment.setText("");
}
}
//This is where the interest rate reads and shows it in the principal field
public void CalculateMortgage()
{
double dblprincipal=Double.parseDouble(principal.getText());
double dblinterestRate=Double.parseDouble((String)MortCombo.getSelectedItem());
int intTerm=Integer.parseInt(Term.getText());
DecimalFormat money = new DecimalFormat("$0.00");
double MonthlyPayment=0.0;
double InterestPayment=0.0;
double PrincipalBal=0.0;
double MIntRate=dblinterestRate/1200;
int MTerms=intTerm * 12;
//The formula for monthly payment here
MonthlyPayment=(dblprincipal * MIntRate) / (1-Math.pow((MIntRate+1),-MTerms));
//This is where monthly payments gets converted to decimal format
monthlyPayment.setText("" + (money.format(MonthlyPayment)));
MortTextField.append("Month No.\t\tMonthly Payment\t\t\tLoan Balance\t\t\tInterest Payment\n");
MortTextField.append("1\t\t\t" + MonthlyPayment + PrincipalBal + InterestPayment + "\n");
for (int counter=1; counter < MTerms; counter++)
{
MortTextField.append((counter + 1) + "\t\t\t" + MonthlyPayment + PrincipalBal + InterestPayment + "\n");
}
}
private static void createAndShowGui()
{
//Jframe here
JFrame frame = new JFrame("Mortgage Calculator");
frame.setDefaultCloseOperation(JFrame.EXIT_ON_CLOSE);
Calculator myCalculator = new Calculator();
myCalculator.setOpaque(true);
frame.setContentPane(myCalculator);
frame.pack();
frame.setVisible(true);
}
public static void main(String[] args)
{
javax.swing.SwingUtilities.invokeLater(
new Runnable()
{
public void run()
{
createAndShowGui();
}
}
);
}
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