A bank offers 6.5% interest on saving account, compounded annually. Create a java program that shows how much money a person will accumulate over a period of 25 years, assuming that the person makes an initial investment of $1,000 and deposits $100 each year after the first. Your program should print for each year the current balance, the interest, the new deposit, and the new balance.
A bank offers 6.5% interest on saving account, compounded annually. Create a java program that shows how much money a person will accumulate over a period of 25 years, assuming that the person makes an initial investment of $1,000 and deposits $100 each year after the first. Your program should print for each year the current balance, the interest, the new deposit, and the new balance.
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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A bank offers 6.5% interest on saving account, compounded annually. Create a java program that shows how much money a person will accumulate over a period of 25 years, assuming that the person makes an initial investment of $1,000 and deposits $100 each year after the first. Your program should print for each year the current balance, the interest, the new deposit, and the new balance.
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