Thread: Need Help Completing a Loan Table

I'm continuing to try and solve the problem on my own but if any people have tips I would appreciate it.... Focus on the generateLoanTable() method because everything else is good. When I run the program in my main method (not included) it shows the loan amount entered multiplied by the rate (not as a percentage) and year number instead of the total payment for the loan period and rate associated in the table. Also, I don't know the code to put in to highlight reserved words on the thread posts so if I could get that info too that would help

import java.text.*;
 
class Loan {
 
     //---------------------
    //DATA MEMBERS
   //----------------------
    private final int MONTHS_IN_YEAR = 12;
    private double  loanAmount;
    private double  monthlyInterestRate;
    private int        numberOfPayments;
 
    private static final int BEGIN_YEAR = 5;
    private static final int END_YEAR    = 30;
    private static final int YEAR_INCR   = 5;
 
    private static final double BEGIN_RATE = 6.0;
    private static final double END_RATE    = 10.0;
    private static final double RATE_INCR   = 0.25;
 
    //Constructor
    public Loan(double amount, double rate, int period) {
        setAmount(amount);
        setRate(rate);
        setPeriod(period);
    }
 
    //Returns the loan amount
    public double getAmount() {
        return loanAmount;
    }
 
    //Returns the loan period in number of years
    public int getPeriod() {
        return numberOfPayments / MONTHS_IN_YEAR;
    }
 
    //Returns the loan's annual interest rate
    public double getRate() {
        return monthlyInterestRate * 100.0 * MONTHS_IN_YEAR;
    }
 
    //Returns the loan's monthly payment amount
    public double getMonthlyPayment() {
        double monthlyPayment;
 
        monthlyPayment = (loanAmount * monthlyInterestRate)
                              /
                         (1 - Math.pow(1/(1 + monthlyInterestRate), 
                                            numberOfPayments));
 
        return monthlyPayment;
    }
 
    //Returns the total payment amount for the loan
    public double getTotalPayment() {
        double totalPayment;
 
        totalPayment = getMonthlyPayment() * numberOfPayments;
 
        return totalPayment;
    }
 
    //Generates loan table
    public void generateLoanTable(double loanAmt) {
        DecimalFormat df = new DecimalFormat("0.00");
 
        System.out.print("\t");
 
        for(int colLabel = 5; colLabel <= 30; colLabel += 5){            
            System.out.format("%11d", colLabel);
        }
 
        System.out.println("\n");
 
        for(double rate = BEGIN_RATE; rate <= END_RATE; rate += RATE_INCR){
 
            System.out.print(df.format(rate) + "%    ");
 
            for(int year = BEGIN_YEAR; year <= END_YEAR; year += YEAR_INCR){
                loanAmt = getAmount() * rate * year;
                System.out.print("   " + df.format(loanAmt));
            }
 
            System.out.println();
        }
 
        System.out.println();
    }
 
    //Sets the loan amount
    public void setAmount(double amount) {
        loanAmount = amount;
    }
 
    //Sets the annual interest rate
    public void setRate(double annualRate) {
        monthlyInterestRate = annualRate / 100.0 / MONTHS_IN_YEAR;
    }
 
    //Sets the loan period
    public void setPeriod(int periodInYears) {
        numberOfPayments = periodInYears * MONTHS_IN_YEAR;
    }
}