need help creating this Java Program it has to match the sample run exactly thank you ! Description: 6.7 (Financial application: compute the future investment value) 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 formula in Programming Exercise 2.21. Use the following method header: public static double futureInvestmentValue(double investmentAmount, double monthlyInterestRate, int years) For example, futureInvestmentValue(10000, 0.05/12, 5) returns 12833.59. Write a program that prompts the user to enter the investment amount (e.g., 1000) and the interest rate (e.g., 9%) and prints a table that displays future value for the years from 1 to 30, as shown below. First, truncate the future value values to two decimals (See Chapter 2). Then use the System.out.printf() method to format the output (See Chapter 4). Program name: Lab06.java Sample Runs: The amount invested: 1000 Annual interest rate: 5 Years Future Value 1 1051.16 2 1104.94 3 1161.47 4 1220.89 5 1283.35 6 1349.01 7 1418.03 8 1490.58 9 1566.84 10 1647.00 11 1731.27 12 1819.84 13 1912.95 14 2010.82 15 2113.70 16 2221.84 17 2335.51 18 2455.00 19 2580.61 20 2712.64 21 2851.42 22 2997.30 23 3150.65 24 3311.84 25 3481.29 26 3659.39 27 3846.62 28 4043.42 29 4250.29 30 4467.74
Max Function
Statistical function is of many categories. One of them is a MAX function. The MAX function returns the largest value from the list of arguments passed to it. MAX function always ignores the empty cells when performing the calculation.
Power Function
A power function is a type of single-term function. Its definition states that it is a variable containing a base value raised to a constant value acting as an exponent. This variable may also have a coefficient. For instance, the area of a circle can be given as:
need help creating this Java Program it has to match the sample run exactly thank you !
Description:
6.7 (Financial application: compute the future investment value) 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 formula in Programming Exercise 2.21. Use the following method header: public static double futureInvestmentValue(double investmentAmount, double monthlyInterestRate, int years) For example, futureInvestmentValue(10000, 0.05/12, 5) returns 12833.59. Write a program that prompts the user to enter the investment amount (e.g., 1000) and the interest rate (e.g., 9%) and prints a table that displays future value for the years from 1 to 30, as shown below. First, truncate the future value values to two decimals (See Chapter 2). Then use the System.out.printf() method to format the output (See Chapter 4).
Program name:
Lab06.java
Sample Runs:
The amount invested: 1000
Annual interest rate: 5
Years Future Value 1
1051.16 2 1104.94 3
1161.47 4 1220.89 5
1283.35 6 1349.01 7
1418.03 8 1490.58 9
1566.84 10 1647.00 11
1731.27 12 1819.84 13
1912.95 14 2010.82 15
2113.70 16 2221.84 17
2335.51 18 2455.00 19
2580.61 20 2712.64 21
2851.42 22 2997.30 23
3150.65 24 3311.84 25
3481.29 26 3659.39 27
3846.62 28 4043.42 29
4250.29 30 4467.74
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
