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Created September 29, 2017 06:19
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public class CarLoan
{
public static void main(String[] args)
{
int carLoan = 10000;
int loanLength = 3;
int interestRate = 5;
int downPayment = 2000;
if (loanLength <= 0 || interestRate <= 0)
{
System.out.println("Error! You must take out a valid car loan.");
}
else if (downPayment >= carLoan)
{
System.out.println("The car can be paid in full.");
}
else
{
int remainingBalance = carLoan - downPayment;
int months = loanLength * 12;
int monthlyBalance = remainingBalance / months;
int interest = (monthlyBalance * interestRate) / 100;
int monthlyPayment = (monthlyBalance + interestRate);
System.out.println(monthlyPayment);
}
}
}
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