*2.21 (Financial application: calculate future investment value) Write a program that
reads in investment amount, annual interest rate, and number of years, and displays
the future investment value using the following formula:
futureInvestmentValue =
investmentAmount * (1 + monthlyInterestRate)numberOfYears*12
For example, if you enter amount 1000, annual interest rate 3.25%, and number
of years 1, the future investment value is 1032.98.
Here is a sample run:
import java.util.Scanner; public class ProgrammingEx2_21 { public static void main(String[] args) { Scanner input = new Scanner(System.in); System.out.print("Enter investment amount:"); double investmentAmount = input.nextDouble(); System.out.print("Enter annual interest rate in percentage:"); double monthlyInterestRate = input.nextDouble(); monthlyInterestRate = monthlyInterestRate / 12; System.out.print("Enter number of years:"); double numberOfYears = input.nextDouble(); double futureInvestmentValue = investmentAmount * Math.pow((1 + monthlyInterestRate / 100), (numberOfYears * 12)); System.out.print("Accumulated value is " + futureInvestmentValue); } }
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