• March 24th, 2013, 08:51 AM
iamgonge

In which PMT is the monthly payment, P is the listed price of the house, D is the
down payment, r is the annual interest rate and m is the number of payments.

pmt = ((p-d)*r/12) / (1-(1+(r/12)^-m)

this is my code
Code :

```                import java.util.Scanner;   public class Project1 { public static void main(String[] args) { Scanner input = new Scanner(System.in);   System.out.println("Enter the price of the house: "); double housePrice = input.nextDouble(); System.out.println("Enter the down payment: "); double downPayment = input.nextDouble(); System.out.println("Enter the annual interest rate: "); double annualInterestRate = input.nextDouble(); System.out.println("Enter the number of payments: "); double numberofPayments = input.nextDouble();   double monthlyPayment= ( ((housePrice - downPayment) * (annualInterestRate/12)) /((1-(1+(annualInterestRate/12)))));//<---this is where im stuck how do i enter the negative m into this equation where do i put the math.pow. Please for the love of god throw me a bone ive been stuck on this for two hours now```

}
• March 24th, 2013, 08:58 AM
curmudgeon
Quote:

Originally Posted by iamgonge

In which PMT is the monthly payment, P is the listed price of the house, D is the
down payment, r is the annual interest rate and m is the number of payments.

pmt = ((p-d)*r/12) / (1-(1+(r/12)^-m)

this is my code
Code :

```                import java.util.Scanner;   public class Project1 { public static void main(String[] args) { Scanner input = new Scanner(System.in);   System.out.println("Enter the price of the house: "); double housePrice = input.nextDouble(); System.out.println("Enter the down payment: "); double downPayment = input.nextDouble(); System.out.println("Enter the annual interest rate: "); double annualInterestRate = input.nextDouble(); System.out.println("Enter the number of payments: "); double numberofPayments = input.nextDouble();   double monthlyPayment= ( ((housePrice - downPayment) * (annualInterestRate/12)) /((1-(1+(annualInterestRate/12)))));//<---this is where im stuck how do i enter the negative m into this equation where do i put the math.pow. Please for the love of god throw me a bone ive been stuck on this for two hours now```

}

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