2.13* (Financial
application: calculating the 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
x (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.
Code : File name-FutureInvestment.java
import java.util.*;
import javax.swing.*;
public class FutureInvestment {
public static void
main (String arg[]){
Scanner input =new
Scanner(System.in);
System.out.print("Enter investment amount: = ");
double
investmentAmount =input.nextDouble();
System.out.print("Enter annual interest rate: = ");
double
annualInterestRate =input.nextDouble();
System.out.print("Enter number of year: = ");
double
numberOfYear =input.nextDouble();
double
monthlyInterestRate = annualInterestRate/1200;
double
futureInvesment =(investmentAmount*(Math.pow(1+monthlyInterestRate,
numberOfYear*12)));
System.out.print("Future investment: = "+futureInvesment);
}
}
