Thread: Reading lines from a txt file

I'm having trouble with my code.

Can you explain what the problem is? What does the code do when executed?

Please edit your post and wrap your code with code tags:
[code=java]
<YOUR CODE HERE>
[/code]
to get highlighting and preserve formatting.

<Scanner inputFile = new Scanner(myFile);
while (inputFile.hasNext())
{
interest = inputFile.nextDouble();
years = inputFile.nextInt();
amount = inputFile.nextDouble();
 
bank.setInterestRate(interest);
bank.setYears(years);
bank.setAmount(amount);
System.out.println();
System.out.println("The monthly payment is: " + money.format(bank.getMonthlyPayment()));
System.out.println("The total payment is: " + money.format(bank.getTotalPayment()));
 
}
inputFile.close()>

it reads numbers from the text file to calculate a loan.

The posted code needs formatting. All statements should NOT start in the first column. Statements within {} should be indented 3-4 spaces.

Can you explain what the problem is?