Package com.imsl.test.example.finance

Class FinanceCumprincEx1

java.lang.Object

com.imsl.test.example.finance.FinanceCumprincEx1

public class FinanceCumprincEx1
extends Object

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

The amount of principal 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
FinanceCumprincEx1()

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

FinanceCumprincEx1

public FinanceCumprincEx1()

Method Details

main

public static void main(String[] args)