(Financial application: calculate future investment value) Write a program that reads in an investment amount, the annual interest rate, and the number of years, and displays the future investment value using the following formula: futurelnvestmentValue = investmentAmount X (1 + monthlylnterestRate)mberOMonths For example, if you enter the amount 1000, an annual interest rate of 4.25%, and the number of years as 1, the future investment value is 1043.33. Here is a sample run:

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### Section 2.19: Financial Application - Calculate Future Investment Value

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

\[ \text{futureInvestmentValue} = \text{investmentAmount} \times (1 + \text{monthlyInterestRate})^{\text{numberOfMonths}} \]

#### Example:

For instance, if you enter:

- **Investment Amount:** 1000
- **Annual Interest Rate:** 4.25%
- **Number of Years:** 1

The future investment value will be **1043.33**.

#### Sample Run:

```
Enter investment amount: 1000 [Enter]
Enter annual interest rate: 4.25 [Enter]
Enter number of years: 1 [Enter]
Accumulated value is 1043.33
```

This exercise encourages students to apply programming skills in financial calculations, demonstrating how investment growth can be calculated over time with compound interest.
Transcribed Image Text:### Section 2.19: Financial Application - Calculate Future Investment Value **Objective:** Write a program that reads in an investment amount, the annual interest rate, and the number of years, and displays the future investment value using the following formula: \[ \text{futureInvestmentValue} = \text{investmentAmount} \times (1 + \text{monthlyInterestRate})^{\text{numberOfMonths}} \] #### Example: For instance, if you enter: - **Investment Amount:** 1000 - **Annual Interest Rate:** 4.25% - **Number of Years:** 1 The future investment value will be **1043.33**. #### Sample Run: ``` Enter investment amount: 1000 [Enter] Enter annual interest rate: 4.25 [Enter] Enter number of years: 1 [Enter] Accumulated value is 1043.33 ``` This exercise encourages students to apply programming skills in financial calculations, demonstrating how investment growth can be calculated over time with compound interest.
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