Package com.imsl.test.example.finance

Class FinanceCumipmtEx1

java.lang.Object

com.imsl.test.example.finance.FinanceCumipmtEx1

public class FinanceCumipmtEx1
extends Object

Computes the amount of interest paid in the first year of a 30 year fixed mortgage.

The amount of interest paid in the first year of a 30 year fixed rate mortgage is computed. The amount financed is $200,000 at an interest rate of 7.25% for 30 years.

See Also:

• Code
• Output

Constructor Summary

Constructors

Constructor	Description
FinanceCumipmtEx1()

Method Summary

Modifier and Type	Method	Description
static void	main(String[] args)

Methods inherited from class java.lang.Object

clone, equals, finalize, getClass, hashCode, notify, notifyAll, toString, wait, wait, wait

Constructor Details

FinanceCumipmtEx1

public FinanceCumipmtEx1()

Method Details

main

public static void main(String[] args)