Java please help asap *6.7 (Financial appli cat ion: Compute the future investme

Question

Java please help asap *6.7 (Financial appli cat ion: 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 future lnvestmentvalue( double investment Amount, double monthlylnterest Rate, int years) For example, future lnvestmentValue(10000, 0.05/12, 5) returns 12833.59. Write a test program that prompts the user lo enter the investment amount (e.g., 1000) and the interest rate (e.g., 9%) and prints a table that displays future valuc for the years from 1 to 30, as shown below:

Explanation / Answer

import java.util.Scanner;

public class FutureInvestment {
  
   public static double futureInvestmentValue(double investmentValue, double monthlyInvestmentRate, int years){
       double amount = 0;
       return investmentValue * Math.pow((1 + monthlyInvestmentRate), 12 * years);
   }
  
   public static void main(String args[]){
       Scanner in = new Scanner(System.in);
       System.out.print("The amount invested: ");
       double amount = in.nextDouble();
       System.out.print("Annual interest rate: ");
       double rate = in.nextDouble();
       System.out.println("Years Future Value");
       for(int i = 1; i <= 30; ++i){
           System.out.printf("%d %.2f ", i, futureInvestmentValue(amount, rate / 100 / 12, i));
       }
   }
}

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