JAVA SP T


Lets dive into snapshot of my programs!💻

5.Write a Java method to compute the future investment value at a given interest rate for a specified number of years.

💡Code:

 import java.util.Scanner;
              class FutureInvestment {
              
              public static void main(String[] args) {
                 Scanner in = new Scanner(System.in); 
                 System.out.print("Input the investment amount: ");
                double investment = in.nextDouble();
                System.out.print("Input the rate of interest: ");
               double rate = in.nextDouble();
               System.out.print("Input number of years: ");
               int year = in.nextInt();
               
               rate *= 0.01;
               
               System.out.println("Years    FutureValue");
               for(int i = 1; i <= year; i++) {
                   int formatter = 19;
                   if (i >= 10) formatter = 18;
                 System.out.printf(i + "%"+formatter+".2f\n", futureInvestmentValue(investment, rate/12, i));
                    }
                }
              
              public static double futureInvestmentValue(double investmentAmount, double monthlyInterestRate, int years) {
                 return investmentAmount * Math.pow(1 + monthlyInterestRate, years * 12);
               }
             }
             

📸Output :

output