The purpose of this program is to compute the time required to double an investment, and every year after the first year you also include a contribution. I can't seem to figure out how to make my program get the correct output. For example in my code if I set the variable contribution to 100 he output comes out as: Annual contribution: 100Year: 13Balance: 20448.20 But the output that I'm supposed to get is: Annual contribution: 100Year: 13Balance: 20527.79 I think the error in my program is coming from trying to find a way to skip the annual contribution in the first year. Any help will be greatly appreciated. ### Java Code: Doubling an Investment with Annual ContributionThis Java program calculates the time required to double an initial investment by factoring in an annual contribution. It's an excellent example for understanding loops, conditionals, and basic input in Java programming.#### Source Code```javaimport java.util.Scanner;/*** * This program computes the time required to double an investment * with an annual contribution. */public class DoubleInvestment2 { public static void main(String[] args) { final double RATE = 5; final double INITIAL_BALANCE = 10000; final double TARGET = 2 * INITIAL_BALANCE; Scanner in = new Scanner(System.in); System.out.print("Annual contribution: "); double contribution = in.nextDouble(); double balance = INITIAL_BALANCE; int year = 0; // TODO: Add annual contribution, but not in year 0 while (balance < TARGET) { balance = balance + (balance * (RATE / 100)); if (year > 0) { balance = balance + contribution; } year++; } System.out.println("Year: " + year); System.out.printf("Balance: %.2f\n", balance); }}```#### Key Elements- **Variables:** - `RATE`: The annual interest rate. - `INITIAL_BALANCE`: The initial amount of the investment. - `TARGET`: The goal amount to double the initial investment.- **User Input:** - The program prompts the user to enter an "Annual contribution."- **Logic:** - The program uses a `while` loop to continuously calculate the new balance each year until it reaches or exceeds the target balance. - Contributions are added only after the first year (`if (year > 0)`).- **Output:** - The program outputs the year when the investment doubles and the exact balance at that time.This script also includes a `TODO` comment suggesting potential improvements, such as refining how contributions are added.

NOTE : RATE plays a main factor in the code. Edited code is as follows :

Answered: The purpose of this program is to…

Computer Networking: A Top-Down Approach (7th Edition)

7th Edition

ISBN:9780133594140

Author:James Kurose, Keith Ross

Publisher:James Kurose, Keith Ross

Chapter1: Computer Networks And The Internet

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The purpose of this program is to compute the time required to double an investment, and every year after the first year you also include a contribution. I can't seem to figure out how to make my program get the correct output. For example in my code if I set the variable contribution to 100 he output comes out as:

Annual contribution: 100

Year: 13

Balance: 20448.20

But the output that I'm supposed to get is:

Annual contribution: 100

Year: 13

Balance: 20527.79

I think the error in my program is coming from trying to find a way to skip the annual contribution in the first year. Any help will be greatly appreciated.