Question: 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
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?futureInvestmentValue(double?investmentAmount,?double?monthlyInterestRate,?int?years)For example,?futureInvestmentValue(10000, 0.05/12, 5)?returns12833.59.
Write a test program that prompts the user to enter the investment amount (e.g., 1000) and the interest rate (e.g., 9%) and prints a table that displays future value for the years from 1 to 30, as shown below:
The amount invested: 1000 J Enter Enter Annual interest rate: 9 Future Value 1093.80 Years 1196.41 2 29 13467.25 30 14730.57
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Program Plan 1 Create a class FutureInvestment 2 Declare and Initialize the variables int noOfrtears... View full answer
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