Needs to be written in Java 2.13 (Financial application: calculating the future

Question

Needs to be written in Java

2.13 (Financial application: calculating the future investmentvalue) Write a program that reads in investment amount, annualinterest rate, and number of years, and displays the futureinvestment 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 araised to the power of b

Explanation / Answer

please rate - thanks import java.util.*; public class untitled{ public static void main(String []args) {double invest,rate,future; int years; Scanner in=new Scanner(System.in); System.out.print("Enter investment: "); invest=in.nextDouble(); System.out.print("Enter interest rate: "); rate=in.nextDouble(); System.out.print("Enter number of years: "); years=in.nextInt(); future=invest*Math.pow((1+rate/1200.),years*12); System.out.println("investment:         $"+invest); System.out.println("yearlyrate:       "+rate+"%"); System.out.printf("future value after "+years+" years:$%.2f ",future); } }

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