//Imports the scanner utility

import java.util.Scanner;

public class ComputeLoan1

{

//Calls the method for variables to be calculated

public static double calculations(double loanAmount, double monthlyInterestRate, int numOfYears)

{

//Declares calculations as monthlyPayment

double monthlyPayment = (loanAmount * monthlyInterestRate / (1

- 1 / Math.pow(1 + monthlyInterestRate, numOfYears * 12)));

//Value that is returned to the main method

return monthlyPayment;

}//Closes the calculations method

//Final method used to output users calculations

public static void finalMethod(String[] args)

{

//Displays results

System.out.println("The monthly payment is " + (int)(monthlyPayment * 100) /100.0);

}//Closes the finalMethod

//Main method

public static void main(String[] args) {

//Declarations

double loanAmount = 0;

double annualInterestRate = 0;

double monthlyInterestRate = 0;

int numOfYears = 0;

double calculations;

//Creates a scanner for input from keyboard

Scanner input = new Scanner(System.in);

//Greeting to the user

System.out.println("Welcome to Kentucky Credit Union Loan Calculator!");

System.out.println("This program is used to help calculate the monthly loan amount.");

System.out.println("");

//Prompts the user for input

System.out.print("Please enter the loan amount: $");

loanAmount = input.nextDouble(); //Accepts input from user and stores it in a variable

//Enter yearly interest rate

System.out.print("Enter yearly interest rate, for example 7.25: ");

annualInterestRate = input.nextDouble();

//Obtain monthly interest rate

monthlyInterestRate = annualInterestRate / 1200;

//Prompts the user for input

System.out.print("Please enter length of the loan in years as an integer, for example 5: ");

numOfYears = input.nextInt();

} //Closes the main method

}//Closes the class