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(Financial application: compute the future investment value) Write a method that computes future investment value at a given interest rate for a specified number of
(Financial application: compute the future investment value) 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 formula in Programming Exercise 2.21
//Declare variables
//Promote the user to enter
// Print a table that displays future value for the years from 1 to 30
public static double futurevalue(
double investmentAmount, double monthlyInterestRate, int years) {
6.7 (Financial application: compute the future investment value) 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 formula in Programming Exercise 2.21. 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.. 1,000) and the interest rate (e.g., 996) and prints a table that displays future value for the years from 1 to 30, as shown below: The amount invested: 1000 Enter Annual interest rate: 9 Enter Years Future Value 1093.80 1196.41 29 30 13467.25 14730.57Step by Step Solution
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