Advanced Loops (Intro JAVA) Financial application - Compute Future Tuition Promp

Question

Advanced Loops (Intro JAVA) Financial application - Compute Future Tuition Prompt the user for the tuition for attending University (or any other fictitious school) and for a percentage increase each year. Have the program then print out the next 4 years worth of tuitions and at the end a sun of all the tuitions. As an example, Kean's tuition is approximately 11,000 per year, and increased has increase around 4% each year (approx from collegefactua.com). Example Print out: User Enters tuition: 11000 Year 1 11000.00 Year 2 11440.00 Year 3 11897.60 Year 4 12373.50 Total 46711.10

Explanation / Answer

PROGRAM CODE:

package util;

import java.util.Scanner;

public class BitListTest {

public static void main( String[] args ) {

   System.out.print("Enter tuition fee: ");

   Scanner keyboard = new Scanner(System.in);

   double fee = keyboard.nextDouble();

   System.out.print("Enter percentage increase every year: ");

   double percentageIncrease = keyboard.nextDouble();

   double total = 0.0;

   double yearlyFee = fee;

   for(int i=0; i<4; i++)

   {

       yearlyFee = (yearlyFee*percentageIncrease*(i))/100.0 + fee;

       System.out.println("Year " + (i+1) + " " + yearlyFee);

      

       total += yearlyFee;

   }

   System.out.println(" Total " + total);

}

}

OUTPUT:

Enter tuition fee: 11000

Enter percentage increase every year: 4

Year 1 11000.0

Year 2 11440.0

Year 3 11915.2

Year 4 12429.824

Total 46785.024

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