public class ExamE { /** * @param args the command line arguments */ public static void main(String[] args) { Scanner input = new Scanner(System.in); final double AnualInterestRate = 0.0375; double MonthlyInterestRate = AnualInterestRate/12; double compoundValue=0; System.out.print("Enter a monthly saving amount: "); double savingAmount = input.nextDouble(); for (int m = 1; m <= 12; m++) { compoundValue = (savingAmount + compoundValue) * (1 + MonthlyInterestRate); switch (m) { case 1: System.out.println("After the " + m + "st month, the account value is "+compoundValue); break; case 2: System.out.println("After the " + m + "nd month, the account value is "+compoundValue); break; case 3: System.out.println("After the " + m + "rd month, the account value is "+compoundValue); break; default: System.out.println("After the " + m + "th month, the account value is "+compoundValue); break; }

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
icon
Related questions
Question
100%

Create a flowchart for this program.

public class ExamE {
/**
* @param args the command line arguments
*/
public static void main(String [] args) {
Scanner input = new Scanner(System.in);
final double AnualInterestRate = 0.0375;
double MonthlyInterestRate = AnualInterestRate/12;
double compoundValue=0;
System.out.print("Enter a monthly saving amount: ");
double savingAmount = input.nextDouble ();
for (int m = 1; m <= 12; m++) {
compoundValue = (savingAmount + compoundValue) * (1 + MonthlyInterestRate);
switch(m) {
case 1:
System.out.println("After the " + m + "st month, the account value is "+compoundValue);
break;
case 2:
System.out.println("After the " + m + "nd month, the account value is "+compoundValue);
break;
case 3:
System.out.println("After the " + m + "rd month, the account value is "+compoundValue);
break;
default:
System.out.println("After the " + m + "th month, the account value is "+compoundValue);
break;
}
Transcribed Image Text:public class ExamE { /** * @param args the command line arguments */ public static void main(String [] args) { Scanner input = new Scanner(System.in); final double AnualInterestRate = 0.0375; double MonthlyInterestRate = AnualInterestRate/12; double compoundValue=0; System.out.print("Enter a monthly saving amount: "); double savingAmount = input.nextDouble (); for (int m = 1; m <= 12; m++) { compoundValue = (savingAmount + compoundValue) * (1 + MonthlyInterestRate); switch(m) { case 1: System.out.println("After the " + m + "st month, the account value is "+compoundValue); break; case 2: System.out.println("After the " + m + "nd month, the account value is "+compoundValue); break; case 3: System.out.println("After the " + m + "rd month, the account value is "+compoundValue); break; default: System.out.println("After the " + m + "th month, the account value is "+compoundValue); break; }
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Concept of Flowchart
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Database System Concepts
Database System Concepts
Computer Science
ISBN:
9780078022159
Author:
Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:
McGraw-Hill Education
Starting Out with Python (4th Edition)
Starting Out with Python (4th Edition)
Computer Science
ISBN:
9780134444321
Author:
Tony Gaddis
Publisher:
PEARSON
Digital Fundamentals (11th Edition)
Digital Fundamentals (11th Edition)
Computer Science
ISBN:
9780132737968
Author:
Thomas L. Floyd
Publisher:
PEARSON
C How to Program (8th Edition)
C How to Program (8th Edition)
Computer Science
ISBN:
9780133976892
Author:
Paul J. Deitel, Harvey Deitel
Publisher:
PEARSON
Database Systems: Design, Implementation, & Manag…
Database Systems: Design, Implementation, & Manag…
Computer Science
ISBN:
9781337627900
Author:
Carlos Coronel, Steven Morris
Publisher:
Cengage Learning
Programmable Logic Controllers
Programmable Logic Controllers
Computer Science
ISBN:
9780073373843
Author:
Frank D. Petruzella
Publisher:
McGraw-Hill Education