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Output the repayment schedule

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Reference no: EM132260989

Java program that will calculate total interest paid.

A $40,000 , 6 month, 5% annual rate car loan is obtained on June 1. Output the repayment schedule with

ALL dollar amounts:

1. displayed with a leading dollar sign

2. comma-separated thousands

3. 2 decimal places

Sample output:

Interest Rate (monthly) [i]:

5./100/12

Loan Repayment Term:

(m = 6 months)

July thru December

Loan Amount [L]:

$40,000.00

Monthly Payment:

$?,???.??

Payment #

Month

Cumulative Amount Paid

1 July

$?,???.??

2 August

$?,???.??

3 September

$?,???.??

4 October

$?,???.??

5 November

$?,???.??

6 December

$?,???.??

Total Interest Paid:

$?,???.??

Reference no: EM132260989

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