32 lines
837 B
Java
32 lines
837 B
Java
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/**
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* AmortizedLoan provides a concrete implementation of a Loan object.
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*/
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public class AmortizedLoan extends Loan
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{
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/**
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* This constructor simply calls the contructor from the Loan class.
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*/
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public AmortizedLoan(String name, double rate, int years, double amount)
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{
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super(name, rate, years, amount);
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}
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/* Return the loan type as a string */
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public String toString()
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{
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return "Full Amortized Loan";
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}
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/**
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* Calculate the monthly payment for a AmortizedLoan
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*/
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public void calcMonthlyPayment()
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{
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double adjMonthlyRate = m_interestRate / 100.0 / 12.0;
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double lengthInMonths = m_length * 12;
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double n = Math.pow(1 + adjMonthlyRate, lengthInMonths);
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m_monthlyPayment = (m_principal * adjMonthlyRate * n) / (n - 1);
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}
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}
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