Suppose you put $10,000 into a CD with an annual percentage yield of 5.75%. After one month,

Question:

Suppose you put $10,000 into a CD with an annual percentage yield of 5.75%. After one month, the CD is worth?

10000 + 10000 * 5.75 / 1200 = 10047.92

After two months, the CD is worth?

10047.91 + 10047.91 * 5.75 / 1200 = 10096.06

After three months, the CD is worth?

10096.06 + 10096.06 * 5.75 / 1200 = 10144.44 and so on.

Write a program that prompts the user to enter an amount (e.g., 10000), the annual percentage yield (e.g., 5.75), and the number of months (e.g., 18) and displays a table as shown in the sample run.

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Introduction to Java Programming, Comprehensive Version

ISBN: 978-0133761313

10th Edition

Authors: Y. Daniel Liang

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Question Posted: Dec 20, 2019 11:54 AM

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Suppose you put $10,000 into a CD with an annual percentage yield of 5.75%. After one month,

Question:

Enter the initial deposit amount: 10000 PEnter Enter annual percentage yield: 5.75 PEnter Enter maturity period (number of months): 18 P-Enter Month CD Value 10047.92 10096.06 2 17 10898.54 18

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Program plan Import the required class files Create the class called Saving 1 Start the main method ...View the full answer

Introduction to Java Programming, Comprehensive Version

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