Calculating Future Investment Value

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Write a program that reads in investment amount, annual interest rate, and number of years, and
displays the future investment value using the following formula:
and displays the future investment value using the following formula:

futureInvestmentValue =
   investmentAmount * (1 + monthlyInterestRate)numberOfYears*12

For example, if you enter amount 1000, annual interest rate 3.25%, and number of years 1, the
future investment value is 1032.98.

Hint: Use the Math.pow(a, b) method to compute a raised to the power of b.

Here is a sample run:

Enter investment amount: 1000 (enter)
Enter annual interest rate: 4.25 (enter)
Enter number of years: 1 (enter)


Accumulated value is  1043.34

    • 12 years ago
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      futureinvestment.java

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