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Making simple JAVA program




Project: Computing Future Investment Value;Problem Description;Write a method that computes future investment value at a given interest rate for a specified number of years. The future investment is determined using the following formula;futureInvestmentValue =;investmentAmount x (1 + monthlyInterestRate) numberOfYears*12;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 program that prompts the user to enter the investment amount (e.g., 1000) 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


Paper#68942 | Written in 18-Jul-2015

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