2023 Write a program that reads in investment amount annual interest rate and number of years and displays the future investment | Assignment Collections
Computer Science 2023 Calculating Future Investment Value
2023 Write a program that reads in investment amount annual interest rate and number of years and displays the future investment | Assignment Collections
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:
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.
Hint: Use the Math.pow(a, b) method to compute a raised to the power of b.
Here is a sample run:
Enter investment amount: 1000 (enter)
Enter annual interest rate: 4.25 (enter)
Enter number of years: 1 (enter)
Accumulated value is 1043.34
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