Annuity Loan Repayment Planner

About

This is a simple program that will create a CSV file AND print to the console a monthly repayment plan for an annuity loan. The user simply needs to alter the parameters in the App class. The program takes four parameters: duration (number of instalments), nominal interest rate, total loan amount(‘total principle amount) and date of disbursement/payout. View the source code here: source code

Key Features of Program

1. Uses the annuity repayment formula
2. creates a CSV file of repayment plan
3. plan consists of: Date, Annuity, Principal, Interest, Initial outstanding principal and remaining outstanding principal

Technical Features of Program

-use annuity repayment formula translated to java code -calculate annuity, interest and princpal -uses arraylists and methods for storing outputs -increments the date for each repayment

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