Calculates and displays the mortgage payment amount

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Reference no: EM1329917

Write a program in Java (with a graphical user interface) that calculates and displays the mortgage payment amount, based on the user input of the mortgage amount and the user's selection from a menu of available mortgage loans (as given below).

- 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 enter a new amount and make a new selection or quit. Please insert comments in the program to document the program for easy understanding.

Reference no: EM1329917

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