Question
Here's the code that needed an adjustment. Future Value Application var futureValue; // get user entries var investment = prompt(Enter investment amount as xxxxx.xx, 10000);
Here's the code that needed an adjustment.
var futureValue;
// get user entries
var investment = prompt("Enter investment amount as xxxxx.xx", 10000);
investment = parseFloat(investment);
var rate = prompt("Enter interest rate as xx.x", 7.5);
rate = parseFloat(rate);
var years = prompt("Enter number of years", 10);
years = parseInt(years);
// calulate future value
futureValue = investment;
for (var i = 1; i
futureValue = futureValue + (futureValue * rate / 100);
}
futureValue = parseInt(futureValue);
document.write("Investment amount = " + investment);
document.write(" Interest rate = " + rate);
document.write(" Years = " + years);
document.write(" Future Value is " + futureValue + " ");
Thanks for using the Future Value application.
In this application, you'l make a quick enhancement that shows not only the future value when interest is compounded yearly, but also when it's compounded ser should look like this Future Value with Yearly Interest Investment amount10000 Interest rate 7.5 Years 10 Future Value is 20610 Future Value with Monthly Interest Investment amount = 10000 Interest rate = 7.5 Years = 10 Future Value is 21120 Thanks for using the Future Value application. Estimated time: 15-20 minutes. 1. Open this file: exercises shortch03\future value.html - 2. Run the application, review its code, note that it is just like the one in the book and note that the interest is calculated each year. Add the code for calculating the future value when interest is calculated each month. Then, add the code for the displaying the results, as shown above. 3
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