rendered paste body
public class BertIO {
/**
* @param args
*/
public static void main(String[] args) {
// Declaring variables
String custName;
int price;
int downPayment;
int tradeIn;
int months;
double annualInterest;
double interest;
int loanAmt;
double payment;
// Assigning Values
custName = "Ben Boswick";
price = 20000;
downPayment = 1000;
tradeIn = 1500;
months = 48;
annualInterest = .075;
// Calculations
interest = annualInterest / 12;
loanAmt = price - downPayment - tradeIn;
payment = loanAmt/((1/interest) - (1 / (interest * Math.pow(1 + interest, months))));
// Output
System.out.println("The monthly payment for " + custName + " is $" + Math.round(payment));
}
}