Loan payment formula

Question

How to write loan payment formula in java, anyone know?

Answer 1

https://learn-java-by-example.com/java/monthly-payment-calculator/

Answer 2

@qwerty. i already try this coding but the last sop tu display the loan getting error. any explaination?

Answer 3

Use 90% for 6 months to find the balance.
4 lines of code added.

https://code.sololearn.com/cp6GXE4Rc84v/?ref=app

If you are paying 10% every month, one way is to find the 10% and then use your total minus the 10% paid to get the balance.

The other way, is to find the 90% so you don't have to minus.

If you have 100 and you paid 10%,
Method 1: 100 - (100 * 10%) = 90
Method 2: 100 * 90% = 90

The "i=0" is used for looping. It will loop from 0 until 5 (< 6), which is 6 times.

Finally prints out amount.