• Write a program in Eclipse that computes future investment value at a given interest rate for a specified number of months and prints the report shown in the sample output.• Given the annual interest rate, the interest amount earned each month is computed using the formula:Interest earned = investment amount * annual interest rate /1200 (=months * 100)• Write a method, computeFutureValue, which receives the investment amount, annual interest rate and number of months as parameters and does the following:o Prints the interest amount earned each month and the new value of theinvestment (hint: use a loop).o Returns the total interest amount earned after the number of months specified by the user. » The main method willo Ask the user for all input needed to call the computeFutureValue method.o Call computeFutureValueo Print the total interest amount earned by the investment at the end of thenumber of months entered by the user.Sample Program runninEnter the investment amount10000Enter the annual interest rate5.75Enter the number of months18Monthly Interest and Investment valueValueMonthInterest$47.92$48.15$48.38$48.61$48.84$10,047.92$10,096.06$10,144.44$10,193.05$10,241.89245$49.08$49.31$49.55$49.78$50.02$50.26$50.50$50.75$50.99$51.23$51.48$51.73$51.97678$10,290.97$10,340.28$10,389.82$10,439.61$10,489.63$10,539.89$10,590.40$10,641.14$10,692.13$10,743.37$10,794.84$10,846.57$10,898.541012131415161718The total interest earned in 12 months is $898.54

Program plan:Import necessary packages.Define a class named “Investment”.Define a method named…

Answered: » The main method will o Ask the user…

Microsoft Visual C#

7th Edition

ISBN:9781337102100

Author:Joyce, Farrell.

Publisher:Joyce, Farrell.

Chapter7: Using Methods

Section: Chapter Questions

Problem 1CP

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Question

• Write a program in Eclipse that computes future investment value at a given interest rate for a specified number of months and prints the report shown in the sample output.
• Given the annual interest rate, the interest amount earned each month is computed using the formula:
Interest earned = investment amount * annual interest rate /1200 (=months * 100)
• Write a method, computeFutureValue, which receives the investment amount, annual interest rate and number of months as parameters and does the following:
o Prints the interest amount earned each month and the new value of the
investment (hint: use a loop).
o Returns the total interest amount earned after the number of months specified by the user.

» The main method will
o Ask the user for all input needed to call the computeFutureValue method.
o Call computeFutureValue
o Print the total interest amount earned by the investment at the end of the
number of months entered by the user.
Sample Program runnin
Enter the investment amount
10000
Enter the annual interest rate
5.75
Enter the number of months
18
Monthly Interest and Investment value
Value
Month
Interest
$47.92
$48.15
$48.38
$48.61
$48.84
$10,047.92
$10,096.06
$10,144.44
$10,193.05
$10,241.89
2
4
5
$49.08
$49.31
$49.55
$49.78
$50.02
$50.26
$50.50
$50.75
$50.99
$51.23
$51.48
$51.73
$51.97
6
7
8
$10,290.97
$10,340.28
$10,389.82
$10,439.61
$10,489.63
$10,539.89
$10,590.40
$10,641.14
$10,692.13
$10,743.37
$10,794.84
$10,846.57
$10,898.54
10
12
13
14
15
16
17
18
The total interest earned in 12 months is $898.54

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