Problem with array calculations

Question

The only problem I have now is, instead of calculating the payments at 7 years/5.35%, 15 years/5.5%, and 30 years/5.75%, it's calculating them for 7 years at 5.35%, 5.5%, and 5.75%, 15 years at 5.35%, 5.5%, and 5.75%, and so on. I don't need it to do all of that, I need the years to correspond to the correct interest rate. How can I change that? Thank you so much. Here is my new code:
class PaymentArray {
     public static void main(String[] arguments) {
          double amount = 100000;
          int[] term = {7, 15, 30};
          double[] rate = {.0535, .055, .0575};
          for (int i = 0; i < term.length; i++) {
               for (int j = 0; j < rate.length; j++) {
                    System.out.println("If the initial loan amount is " + amount);
                    System.out.println("and the length of the term is " + term[i] + " years");
                    System.out.println("and the monthly interest rate is " + rate[j]);
                    double payment = (amount*(rate[j]/12))/(1-(Math.pow(1/(1+(rate[j]/12)),(term*12))));
                    System.out.println("The monthly payment will be " + payment);

Answer 1

Bollocks! The code tags got me!
You don't need two loops.
class PaymentArray {
     public static void main(String[] arguments) {
          double amount = 100000;
          int[] term = {7, 15, 30};
          double[] rate = {.0535, .055, .0575};
          for (int i = 0; i < term.length; i++) {
                    System.out.println("If the initial loan amount is " + amount);
                    System.out.println("and the length of the term is " + term[i] + " years");
                    System.out.println("and the monthly interest rate is " + rate);
                    double payment = (amount*(rate[i]/12))/(1-(Math.pow(1/(1+(rate[i]/12)),(term[i]*12))));
                    System.out.println("The monthly payment will be " + payment);