Assignment#$1$ part $1$:

Description of the Problem: Write a program that receives three input values: an input value for

a total amount in a deposit account as a double value, an annual interest rate, and number of

years. The program then calculates and displays the future investment amount using the following

formula:

fia $=$ iia $**(1+$ mir ${)}^{({12}^{**}y)}$

Where:

fia is Future Investment Amount,

iia is Initial Investment Amount,

mir is Monthly Interest Rate $($i$.$e$.$ Annual Interest Rate divided by $1200).$

y Number of Years.

For example, if you enter an Initial Investment Amount of $100$ as deposit amount and, an annual

interest rate of $4\mathrm{.}25\%,$ and number of years $2,$ the future investment amount fia in the end of two

years will be:

${100}^{**}(1+\frac{4\mathrm{.}25}{1200}{)}^{(2**12)}=100**(1+\frac{4\mathrm{.}25}{1200}{)}^{24}={100}^{**}{5\mathrm{.}003542}^{(24)}=108\mathrm{.}855359027416363$

Execute your program using the following sample input values and provide your program output:

Enter investment amount iia: $8407\mathrm{.}56$

Enter annual interest rate in percentage: $5\mathrm{.}5\%$

Enter number of years: $7$

Future Investment Value is calculated is: $$12345\mathrm{.}007077220494$

Hint:

use the Math pow $(a,b)$ method to compute a raised to the power $b.$

Follow$-$up Program Assignment#$1$ part $2$

Continue your code above to the following steps:

Your program should convert the final fia value to an integer number $($e$.$g$.$

$12345\mathrm{.}007077220494$ above$)$ to an integer number, identified as fiai $($e$.$g$.$ fiai $=12345).$

Write code to separate digits of fiai value into its individual digits and print the digits

one on each line. For example, in the above case, digit$1$ appears on one line, followed

by digit $2$ on the following line, and so on and finally digit$5$ on the last line.

Problem$-$Solving Tips for part$2$:

The FIAI final value consists of one integer, so you are using an int variable to represent it$.$

You will use a series of statements to "break down" the number into its individual digits, using

integer arithmetic with remainder $(\%)$ and division $(\frac{?}{?})$ calculations.

For example the fiai divided by $10000$ gets the first digit. Why does this operation work?

Dividing an integer by an integer yields an integer result. Because the number input is five digits

long, dividing it by $10000$ gives the leftmost digit $($e$.$g$.$ digit$5).$

For example, $\frac{42339}{10000}$ evaluates to $4$ because $10000$ divides into $42339$ four times. The

remainder is truncated in integer arithmetic.

Change the number to a four$-$digit number, using the remainder operator to obtain the remainder

after the number is divided by $10000-$in this case, the rightmost four digits.