Ok , I am doing an assignment for a mortgage calculator in JAVA. The assignment is to write the code first, then enter into JAVA to do. I am all new to this so……Here is my code and it will not do. I am lost as lost can be. Any help will be appreciated.
public [...]

I’m looking to find a amortization calculator that will allow me to add a certain fixed payment amount starting somewhere in the middle of the loan. The results would tell me my new loan payoff date. For example a ,000 loan at 5%apr for 5 years. The monthly payment is 3.07. [...]

Hi,
I was solving for a problem that requires undo an exponentiation for a business math problem.
I solved using the log function on my calculator; but, the final answer coming from an online homework says otherwise.
I know this should be on the business math section; but I want to be clear how to undo an exponentiation. [...]

You have just taken out an installment loan for
0,000. Assume that the loan will be repaid in 12
equal monthly installments of ,456 and that the
first payment will be due one month from today.
How much of your third monthly payment will go
toward the repayment of principal?
a.,757.22 b. ,359.12
c. ,212.50 d. ,925.88
e.,333.33

something is incorrect with my code…
my interest paid will not keep a running total. declaring my variables outside of the do-while loop has caused it to run forever.
please help, this is my code:
/*
A program that makes a loan amortization table using the values for
Initial Loan Principal, Annual Percentage Rate, and Monthly Payment
supplied by [...]

Billy Bob Incorporated has a line of credit from the Down South National Bank that is due to be renewed on February 1. The bank has requested the company’s current Income Statement and Balance Sheet that appear below.
Billy Bob Incorporated
Income Statement
Year Finished December 31
(in thousands)
Revenue:
Sales
,000
Other
4,500
Total revenue
64,500
Expenses:
Cost of goods sold
40,500
Selling and administrative
11,625
Depreciation and amortization
1,875
Interest
1,500
Total expenses
55,500
Income before [...]

due to be renewed on February 1. The bank has requested the company’s current Income Statement and Balance Sheet that appear below.
Billy Bob Incorporated
Income Statement
Year Finished December 31
(in thousands)
Revenue:
Sales
,000
Other
4,500
Total revenue
64,500
Expenses:
Cost of goods sold
40,500
Selling and administrative
11,625
Depreciation and amortization
1,875
Interest
1,500
Total expenses
55,500
Income before income taxes
9,000
Income taxes
3,600
Net income
5,400
Less: Dividends to common shareholders (.86 per share)
2,550
Net income added to retained earnings
2,850
Retained [...]

Billy Bob Incorporated has a line of credit from the Down South National Bank that is due to be renewed on February 1. The bank has requested the company’s current Income Statement and Balance Sheet that appear below.
Billy Bob Incorporated
Income Statement
Year Finished December 31
(in thousands)
Revenue:
Sales
,000
Other
4,500
Total revenue
64,500
Expenses:
Cost of goods sold
40,500
Selling and administrative
11,625
Depreciation and amortization
1,875
Interest
1,500
Total expenses
55,500
Income before [...]

Please bear with me. I am a first year CS student and I know the mistakes I’ve probably made are silly.
// Mortgage Calculator
#include <iostream>
#include <string>
#include <iomanip>
#include <cmath>
using namespace std;
int main()
{// User input
cout << "Welcome to Eric’s Mortgage Calculator!"<< endl;
string name;
cout << "First,what is your name?" << endl;
getline(cin,name);
string address;
cout << "Your address?" << endl;
cin >> [...]

I went to some mortgage calculator website and place those numbers.
Loan amount: 0,000
Interest rate: 5.20 %
Amortization: 25
Monthly mortgage payment will be: 3.04
Yearly: 16.48
What really confused me was when I calculated the total payment after 25 years.
7116.48 X 25 = 7,912
The question is, how come only %5.20 interest rate will end up paying about [...]