Write a method thatcomputes future investment value at a given interest rate for a specified numberof years. Use the following method header:public static double futureInvestmentValue(double investmentAmount, double monthlyInterestRate,int years)For example, futureInvestmentValue(10000, 0.05/12, 5) returns12833.59.Write a test program that prompts the user to enter the investment amount (e.g.,1,000) and the interest rate (e.g., 9%) and prints a table that displays future valuefor the years from 1 to 30, as shown below: The amount invested: 1000Annual interest rate: 9Years Future Value1 1093.802 1196.41...29 13467.2530 14730.57
Write a method that
computes future investment value at a given interest rate for a specified number
of years.
Use the following method header:
public static double futureInvestmentValue(
double investmentAmount, double monthlyInterestRate,int years)
For example, futureInvestmentValue(10000, 0.05/12, 5) returns
12833.59.
Write a test
1,000) and the interest rate (e.g., 9%) and prints a table that displays future value
for the years from 1 to 30, as shown below:
The amount invested: 1000
Annual interest rate: 9
Years Future Value
1 1093.80
2 1196.41
...
29 13467.25
30 14730.57
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images