Please help me write a java program which output looks like the following (note:

Question

Please help me write a java program which output looks like the following (note: if there is a // it means that I am giving a note and it will not be a part of the output).

How much is the loan for? //output
1000 //this is user input
What annual interest rate will the loan be? //output
10 //this is user input. no percentage is necessary even though the 12 really is 12%
how much will you be paying off monthly? //output
100 //user input
Loan 1000.0 10.0 100.0 //output that reads from user input and outputs what the user input
monthly interest is 0.008 // (Actual annual interest determined by user input divided by 12. The output should be rounded to the third decimal digit and should not reveal any more than 3 decimal digits.

payment 1 //output
$8 will go towards interest //the amount of interest payment determined by the user input of how much monthly payment.
$92 will go towards principle //the remainder paying off the principle
you still have $902.00 to pay //actual amount still owed after the payment

payment 2 //second months payment

$7.22 will go towards interest
$92.78 will go towards principle
you still have $809.22 to pay //old principle minus payment towards principle = new principle.

//continue on until the loan is paid off completely.

It will take n months to pay off this loan //this will print when the loan is completely paid off. replace n with the actual amount of months it took for the loan to be paid off.
you paid a total of x dollars in interest payments //this is the total amount of interest payments made over the lifetime of the loan. replace x with the actual amount of interest paid.

please note that this is completely interactive. the user will input how much the loan amount is, the interest payment and a fixed payment they will do each month. the program will do the rest once the user inputs the necessary data.

//also note that if the necessary time to pay off a loan is 3 months, the program should continue to show monthly payments until the end of the 3 months. if it takes 100 months, then it should repeat itself for 100 months. the program shall terminate once the loan is completely paid off.

//there should be 3 methods in this. the main methods and two methods to calculate the number of months to pay off the loan and to calculate interest payments.

//lastly please use four loops only, the scanner console command, but no if else statements unless there is no other possible way to do this. I am only limited to basic things in Java. My current knowledge will not allow any more advanced structures.

Thank you for your time my friends.

Explanation / Answer

please rate - thanks

this is really not the best way to divide the program

import java.util.*;
public class amortization
{public static void main(String [] args)
   {double principal, rate, mpay;
   int cnt;
    Scanner in=new Scanner(System.in);
   System.out.print("How much is the loan for? ");
   principal=in.nextDouble();
    System.out.print("What annual interest rate will the loan be? ");
   rate=in.nextDouble();
    System.out.print("how much will you be paying off monthly? ");
   mpay=in.nextDouble();
    rate=rate/100/12;
   System.out.printf("Principal: $ %.2f ",principal);
   System.out.printf("Monthly Interest Rate: %.3f%% ",rate);
   System.out.printf("Monthly Payment: %.2f ",mpay);  
   System.out.printf("Payment Interest     Principal         Balance ");  
    cnt=getTable(principal,mpay,rate);
    System.out.println("Total number of months: "+(cnt));
}
public static double getInterest(double principal, double rate)
{return principal*rate;
}
public static int getTable(double principal, double mpay, double rate)
{int cnt;
double totint=0,interest;
for(cnt=1;principal>mpay;cnt++)
     {interest=getInterest( principal,rate);
       totint+=interest;
        System.out.printf("%3d        %7.2f     %7.2f",cnt,interest,principal);   
       principal=principal+interest-mpay;
       System.out.printf("       %7.2f ",principal);
      }
   interest=principal*rate;
    totint+=interest;
   System.out.printf("Final Payment: $%6.2f ",principal+interest);
    System.out.printf("Total interest paid $%6.2f ",totint);
return cnt;
}
   }
  

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