Create a class with name savingaccont.In this class you have to write the static method having name CalculteFutureValue which takes three parameters of type double along with return type double.This function should implement the formula given below.The formula, which is known as the future value formula, is:F = P * (1 + i)tThe terms in the formula are as follows: F is the future value of the account after the specified time period. P is the present value of the account. i is the monthly interest rate . t is the number of months . Write Driver class which contains main function that prompts the user to enter the account’s present value, monthly interest rate, and the number of months that the money will be left in the account. The program should pass these values to a function named CalculteFutureValue that returns the future value of the account, after the specified number of months. The program should display the account’s future value.
Create a class with name savingaccont.In this class you have to write the static method having name CalculteFutureValue which takes three parameters of type double along with return type double.This function should implement the formula given below.The formula, which is known as the future value formula, is:F = P * (1 + i)tThe terms in the formula are as follows:
- F is the future value of the account after the specified time period.
- P is the present value of the account.
- i is the monthly interest rate .
- t is the number of months .
Write Driver class which contains main function that prompts the user to enter the account’s present value, monthly interest rate, and the number of months that the money will be left in the account. The program should pass these values to a function named CalculteFutureValue that returns the future value of the account, after the specified number of months. The program should display the account’s future value.
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