Can anyone advise me on why I can't get the following code to loop? I'm trying to get continuous calculation until the variable amount = 0.
I will work out display params after I get the loop to work. I'm new to Java, but not coding. This is a simple program so there's probably a simple answer.
My thanks to anyone willing to teach me.
public static void main (String arguments) //create main
int term = 30; //init var for length of loan
double amount = 200000; //init var for loan amt
double pmt = 0; //init var for payment
double rate = .0575; //init var for interest rate
double rateMo = 0; //init var for monthly interest paid
rate = (rate/12); //divide annual rate to get monthly rate
term = (term * 12); //multiply years to get length in months
pmt= (amount * (rate)) / (1-Math.pow(1 + rate, - term)); //compute payment
if (amount > 0) //run if counter >0
java.text.DecimalFormat dec = new java.text.DecimalFormat(",###.00"); //format next output to dollars.cents
This months payment is $" + dec.format (pmt)); //display payment
Your loan balance is $" + dec.format (amount)); //display loan amt
This months interest is $" + dec.format (amount * (rate ))); //montly interest payment
amount -= pmt;