Project: Calculating Future Investment ValueProblem Description:
Write a program that reads in investment amount, annual interest rate, and number of years, and displays the future investment value using the following formula:
and displays the future investment value using the following formula:
futureInvestmentValue =
investmentAmount * (1 + monthlyInterestRate)numberOfYears*12
For example, if you enter amount 1000, annual interest rate 3.25%, and number of years 1, the future investment value is XXXXXXXXXX.
Hint: Use the Math.pow(a, b) method to compute a raised to the power of b.
Here is a sample run:
Sample 1:
Enter investment amount: 1000
Enter annual interest rate: 4.25
Enter number of years: 1
Accumulated value is $1043.34
Design:(Describe the major steps for solving the problem.)
Coding: (Copy and Paste Source Code here. Format your code using Courier 10pts)
Output screenshot:(Paste your output screenshot here)
Testing: (Describe how you test this program)