Mortgage Calculator VERSION 3.0

Objectives: 

• Understand how to interpret a class diagram and write the appropriate code

• Practice Creating and Using Classes

• Understand how to use Arrays

• Debugging an Application

Your will only create a new class called clsLoan, show in the Class Diagram below:

Here is some description of the clsLoan class methods (should be implemented in the order shown below):

1. New (constructor) requires 3 parameters (Interest Rate, Loan Amount, and Loan Years)

2. calculateMortgagePayment calculates the monthly payment of the loan amount. Use the Microsoft.VisualBasic.Pmt  function.

3. calculateIncomeToQualify = Mortgage Payment * 30%