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Lab 3: Computing Future Values The FutureValues Class Objectives . Call methods with parameters and return values . Use the Math class. - Use Scanner
Lab 3: Computing Future Values The FutureValues Class Objectives . Call methods with parameters and return values . Use the Math class. - Use Scanner to input values. Hand-in Requirements All projects and laboratories will be submitted electronically through Blackboard. Zip up your entire lab directory to submit as the source (zipped) Folder or 7-Zip> Add to "la lowing: b3.zip") The lab folder should include the fol (Right click on the lab folder and follow Send To s Compressed FutureValues java FutureValuesOutput.txt Write a program that prints and calls two methods. 1 Compute and return the future value of an account based on the present value of the account, the interest rate, and the number of years 2 Compute and return the future value of an annuity based on the payment per year, the interest rate, and the number of years For each method, the main method needs to obtain input from the user, call the method with the input values, save the result of the method in a local variable, and print the inputs and the result Details Future Value Using Compound Interest f eprasert value of an account is $1000 and the interest rate is 5%, then after one vear, the account will increase bv S5 5% of $10 in the second vear, the mterest applies to all S 1050 so the account wi t crease y 52.50 (5% of $1050). Getting tuture interest on past interestis called compoun interest A general ormula or future value assumingp is the present value is the nterest rate, and s the number of years is
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