Java Programming Project: Loan Calculator with Different Data Types

Desklib provides past papers and solved assignments for students. This project demonstrates loan amount calculation in Java.

MITS4002
OBJECT-ORIENTED SOFTWARE
DEVELOPMENT
Activity 07
Project:
Student ID:
Student full name:
Total Points:

Contents
Establishment of the requirements:............................................................................................3
Create a design:..........................................................................................................................3
Implement the code:...................................................................................................................3
Output:........................................................................................................................................4
Testing the implementation:.......................................................................................................6

Establishment of the requirements:
The given problem is to calculate the total sum of the loan amount for different years (5 & 6)
of two different sums at different interest rates. Write a java program to calculate it by using
different data types and Java classes.
Create a design:
 Use datatype “double” in the program with different java classes
 Import three java classes util, lang and decimalFormat
 Use formula to calculate total loan amount with string format
Implement the code:
Figure 1: Code of the program

Output:
Get the output of total loan of two different sums as below:
Figure 2: Output 1

Figure 3: Output 2
Figure 4: Output 3

Figure 5: Output 4
Testing the implementation:
 Test the total loan amount of two sums with different interest rates and get the correct
output
 Take two different sets from the user side as a different amount and get the correct
output