Question

Computing Future Investment Value Problem Description: 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 following formula: 12 futurelnvestmentValue investmentAmountx(1+ monthlylnterestRate) Use the following method header: publie static double futureInvestnentValue double investnentAmount, double monthlyInterestRate, int years) For example, futur Investmentvalue( 1eeee, อ.es/12, 5) returns 12833.59 Write a test program that prompts the user to enter the investment amount (e.g. 1000) and the interest rate (e.8-9%) and prints a table that displays future value for the years from 1 to 30, as shown below: The anount invested: 1800 Annual interest rate: 9% Years Future Value 1093.80 1196.41 29 13467.25 30 14730.57 Coding Instructions 1. Remove all comments generated by NetBeans 2. Your code should run for different values of interest and initial invested amount (i.e. no hard coding values) 3. Write your name near the top of your file and the date of the last revision. 4. Fully document your code with comments. 5. Abide by naming conventions. 6. Indent your code. 7. The class name should be FuturelnvestmentValue

Answer 1

import java.lang.Math;
import java.util.Scanner;
public class FutureInvestmentValue{

    public static void main(String []args){
        double investment_Amt,interset_Rate;
        Scanner sc = new Scanner(System.in);
        System.out.println("Enter investmentAmount and Interset Rate");
        investment_Amt=sc.nextDouble();
        interset_Rate=sc.nextDouble();
        futureInvestmentValue(investment_Amt, interset_Rate,1);
    }
  
     public static double futureInvestmentValue(double investmentAmount,double monthlyInvestRate,int years){
       
           for(int i=1;i<=30;i++){
            double futureInvestmentValue= investmentAmount*Math.pow((1+monthlyInvestRate),i*12);
          System.out.println("res:"+futureInvestmentValue);
        
           }
        return 0;
    }
}