Mortgage Amortization Project

Project Orverview

This program calculates monthly morgage payments and generates an amortization schedule showing how each payment is devided between principal and interest, as well as the remaining balance and total amount paid over the life of the loan.

User Inputs

• Name
• Loan amount
• Interest rate
• Loan term in years
• Extra amount payed

Program Output

The program outputs the following information:

• Loan name
• Payment numnber
• Date
• Loan balance
• Scheduled payment amount
• Extra pay
• Total amount payed
• Principle
• Interest
• Cumulative interest

Example output

Output for text format