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Please write a java code for this question You are a new graduate of the university and your just landed you first job earning about

Please write a java code for this question

You are a new graduate of the university and your just landed you first job earning about 60K/year. You vaguely recall one of your professiors saying "You should start investing with your first pay check", He said something like " 500 a month for 40 years and you would be a millionaire". So you decided use your java skill to develop a java application that you will use to calculate the compounding-interest with a FOR loop. You will use an interest rate of 6% and start with a principal investment if 2000 dollars. You will run you code for 40 years and watch it grow ( output annual total) every year.

Note: interest is compounded annually or once a year

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