Student Number: 35524152
The project I am working on is a mortgage calculator hosted on an Infrastructure-as-a-Service (IaaS) cloud platform. The goal is to provide a user-friendly web application that allows individuals to calculate monthly mortgage payments based on the loan amount, interest rate, and loan duration. This tool will enable users to input their mortgage details, and in return, it will display the total monthly payment, breakdown of principal and interest, and the overall cost of the loan over its lifespan. The mortgage calculator will be designed to be accessible and simple to use, with a clean user interface. I am utilizing Amazon EC2 as the hosting service for this application. This will help provide the necessary computing power and scalability to ensure the application is available to users with minimal downtime. By using Amazon EC2, I can also take advantage of automated scaling and load balancing, which is crucial for handling a large number of simultaneous users efficiently. The project will serve as a foundation for expanding into more advanced mortgage-related features in the future, such as amortization schedules, tax calculations, and more.
I have chosen the MIT license for this project. This license allows others to freely use, modify, and distribute the code, which aligns with my goal of sharing this project with the wider community for educational and practical use. It gives developers the flexibility to integrate it into their own projects or modify it for personal use. The MIT license is also widely recognized and respected in the open-source community, ensuring that my project remains accessible and easy for others to contribute to. The only requirement is that the license must be included with any distribution of the code, which helps maintain the integrity and openness of the project.