Answered step by step
Verified Expert Solution
Question
1 Approved Answer
java attent -6.7 (Financial application compute the future investment value) Write a method that computes future investment value at a given interest rate for a
java
attent -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 future Investment Value double investment Amount, double monthlyInterestRate, int years) For example, future InvestmentValue (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 ( 998) and prints a table that displays future value for the years from 1 to 30, The amount invested: 1000 Annual interest rate: 9. Years Future Value 1093.80 1196.41 29 30 13467.25 14730.57Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started