need clarification on code

[javastarter]

Can someone tell me if this code will compile? The code compiles and runs for me with NetBeans, so I cannot figure out why someone would tell me the code does not compile. I know that when I made the change to all class statements within the code, I left one line still referring to mortgagecalc, but the class was main. Thanks!!

  /*
  	Week 2: Loan Calculator with GUI
  	Programmer: Harold Peterson
    Date: March 29, 2010
  	Filename: Main.java
  	Purpose: This project will calculate the user-entered monthly loan payment.
  		     The user will enter the loan amount, term, and interest rate
             entered and the loan payment should be displayed.
*/

import java.awt.*;
import javax.swing.*;
import java.awt.event.ActionEvent;
import java.awt.event.ActionListener;

//Create tabs, buttons, and fields
public class Main extends JFrame implements ActionListener {
private JPanel panelAdder;
private JLabel labelamt;
private JLabel labelterm;
private JLabel labelrate;
private JTextField textFieldAmount;
private JTextField textFieldTerm;
private JTextField textFieldRate;
private JTextField textFieldResult;
private JButton buttonCalc;

public Main() {
  initComponents();
  setDefaultCloseOperation(JFrame.EXIT_ON_CLOSE);
  setVisible(true);
  pack();

  //Create ActionListeners
  buttonCalc.addActionListener(this);
}

public void initComponents() {
 //Initializing components
 panelAdder = new JPanel();
 labelamt = new JLabel("Amount");
 textFieldAmount = new JTextField();
 labelterm = new JLabel("Term");
 textFieldTerm = new JTextField();
 labelrate = new JLabel("Rate");
 textFieldRate = new JTextField();
 textFieldResult = new JTextField();
 buttonCalc = new JButton("Calculate");

 //Setting the object attributes
 textFieldResult.setEditable(false);
 textFieldResult.setColumns(8);
 textFieldAmount.setColumns(6);
 textFieldTerm.setColumns(2);
 textFieldRate.setColumns(2);

 Container contentPane = getContentPane();
 contentPane.setLayout(new FlowLayout());

 //Adding the components to the panel
 panelAdder.add(labelamt);
 panelAdder.add(textFieldAmount);
 panelAdder.add(labelterm);
 panelAdder.add(textFieldTerm);
 panelAdder.add(labelrate);
 panelAdder.add(textFieldRate);
 panelAdder.add(buttonCalc);
 panelAdder.add(textFieldResult);

 contentPane.add(panelAdder);
}

public static void main(String[] args) {
  MortgageCalc frame = new MortgageCalc();
}

private void setResultValue() {
   double amount = Double.parseDouble(textFieldAmount.getText());
   double term = Integer.parseInt(textFieldTerm.getText());
   double rate = Double.parseDouble(textFieldRate.getText()) / 100.;
   double result = (amount * Math.pow((1 + (rate/12)),term) * (rate/12)) / (Math.pow((1 + (rate/12)),term) - 1);

   textFieldResult.setText(Double.toString(result));
}

public void actionPerformed(ActionEvent event) {
  System.out.println("Action Button");
  String command = event.getActionCommand();
  if ("Calculate".equals(command)) {
      setResultValue();
  }
}
}

[Hack]

so I cannot figure out why someone would tell me the code does not compile.

Why wouldn't it compile for this person?

[javastarter]

The person in question is my instructor and he has given several different reasons, which I have proven to be inaccurate. I just wanted to know if the code compiles for someone that is considered to be advanced in Java. Can you tell me if you can compile and run the code? I know that the calculation is off, but the rest of the code works as it should. Thanks!