I need help creating a java program that will calculate how long it will take to pay off the credit card balance if: pay just the minimum payment pay at least twice the minimum payment pay at least the minimum + entered in dollar amount Here are my notes:  The minimum payment amount is calculated as 2% of the current balance amount The current balance if calculated by...             current balance = current balance - amount paid that month + finance charge The user must be able to choose from a menu which of the above they are going to do or they are done The user can choose as many time as they want from the menu. The program must output the number of years and months that it will take to pay off the debt The program must output the total of the finance charges the user paid The user can enter in the interest paid a decimal number (whole number changed to a percentage) Prompt the user to choose within a menu to choose: to pay minimum, pay at least twice the minimum, or the minimum + an entered number

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
icon
Related questions
Question

I need help creating a java program that will calculate how long it will take to pay off the credit card balance if:

  • pay just the minimum payment
  • pay at least twice the minimum payment
  • pay at least the minimum + entered in dollar amount

Here are my notes: 

  1. The minimum payment amount is calculated as 2% of the current balance amount
  2. The current balance if calculated by...
                current balance = current balance - amount paid that month + finance charge
  3. The user must be able to choose from a menu which of the above they are going to do or they are done
  4. The user can choose as many time as they want from the menu.
  5. The program must output the number of years and months that it will take to pay off the debt
  6. The program must output the total of the finance charges the user paid
  7. The user can enter in the interest paid a decimal number (whole number changed to a percentage)
  8. Prompt the user to choose within a menu to choose: to pay minimum, pay at least twice the minimum, or the minimum + an entered number
 
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Random Class and its operations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Database System Concepts
Database System Concepts
Computer Science
ISBN:
9780078022159
Author:
Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:
McGraw-Hill Education
Starting Out with Python (4th Edition)
Starting Out with Python (4th Edition)
Computer Science
ISBN:
9780134444321
Author:
Tony Gaddis
Publisher:
PEARSON
Digital Fundamentals (11th Edition)
Digital Fundamentals (11th Edition)
Computer Science
ISBN:
9780132737968
Author:
Thomas L. Floyd
Publisher:
PEARSON
C How to Program (8th Edition)
C How to Program (8th Edition)
Computer Science
ISBN:
9780133976892
Author:
Paul J. Deitel, Harvey Deitel
Publisher:
PEARSON
Database Systems: Design, Implementation, & Manag…
Database Systems: Design, Implementation, & Manag…
Computer Science
ISBN:
9781337627900
Author:
Carlos Coronel, Steven Morris
Publisher:
Cengage Learning
Programmable Logic Controllers
Programmable Logic Controllers
Computer Science
ISBN:
9780073373843
Author:
Frank D. Petruzella
Publisher:
McGraw-Hill Education