Mortgage Loan Calculator
Write a mortgage loan calculator application that takes in three parameters:
- The amount of money loaned in dollars (balance)
- The time over which the loan will be repaid, in months (term)
- The percentage rate at which interest will accrue on the loan (rate)
Instructions
The output should include the following:
- The month (1 corresponding to the 1st month of payment, through the total number of months)
- The payment amount
- The principal paid this month
- The interest paid this month
- The total interest paid to date
- The remaining loan balance at the end of the month
Technologies Used