Assignment#$1$ part $1$:

Description of the Problem: Write a program that receives three input values: an input value for

a total amount in a deposit account as a double value, an annual interest rate, and number of

years. The program then calculates and displays the future investment amount using the following

formula:

fia $=$ iia $*(1+$mir$)(12*$y$)$

Where:

fia is Future Investment Amount,

iia is Initial Investment Amount,

mir is Monthly Interest Rate $($i$.$e$.$ Annual Interest Rate divided by $1200).$

y Number of Years.

For example, if you enter an Initial Investment Amount of $100$ as deposit amount and, an annual

interest rate of $4\mathrm{.}25\%,$ and number of years $2,$ the future investment amount fia in the end of two

years will be:

$100*(1+4\mathrm{.}25/1200)(2*12)=100*(1+4\mathrm{.}25/1200)24=100*5\mathrm{.}003542(24)=108\mathrm{.}855359027416363$

Execute your program using the following sample input values and provide your program output:

Enter investment amount iia: $8407\mathrm{.}56$

Enter annual interest rate in percentage: $5\mathrm{.}5\%$

Enter number of years: $7$

Future Investment Value is calculated is: $$12345\mathrm{.}007077220494$

Hint:

use the Math.pow$($a$,$ b$)$ method to compute a raised to the power b$.$

$2$

Follow$-$up Program Assignment#$1$ part $2$

Continue your code above to the following steps:

$1.$ Your program should convert the final fia value to an integer number $($e$.$g$.$

$12345\mathrm{.}007077220494$ above$)$ to an integer number, identified as fiai $($e$.$g$.$ fiai $=12345).$

$2.$ Write code to separate digits of fiai value into its individual digits and print the digits

one on each line. For example, in the above case, digit$1$ appears on one line, followed

by digit$2$ on the following line, and so on and finally digit$5$ on the last line.

Problem$-$Solving Tips for part$2$:

$1.$ The FIAI final value consists of one integer, so you are using an int variable to represent it$.$

$2.$ You will use a series of statements to $$break down$$ the number into its individual digits, using

integer arithmetic with remainder $(\%)$ and division $(/)$ calculations.

$3.$ For example the fiai divided by $10000$ gets the first digit. Why does this operation work?

Dividing an integer by an integer yields an integer result. Because the number input is five digits

long, dividing it by $10000$ gives the leftmost digit $($e$.$g$.$ digit$5).$

For example, $42339/10000$ evaluates to $4$ because $10000$ divides into $42339$ four times. The

remainder is truncated in integer arithmetic.

$4.$ Change the number to a four$-$digit number, using the remainder operator to obtain the remainder

after the number is divided by $10000$in this case, the rightmost four digits.

For example, $42339\%10000$ results in $2339.$

$5.$ Repeat this pattern of division and remainder calculations. Each time, the number used in the

division and remainder calculations is reduced by a factor of $10.$ The first digit is obtained by

dividing the five$-$digit number by $10000.$ Then, the variable containing the number is assigned the

remainder after the five$-$digit number is divided by $10000.$ After the number is changed to a four$-$

digit number, perform division and remainder calculations with $1000$; after the number is changed

to a three$-$digit number, perform division and remainder calculations with $100$; and so on$.$

Important

Be sure to follow the spacing, indentation conventions and brief comments.

Only basic concepts discussed during lectures up to this stage $($i$.$e$.$ chapter $1$ and chapter $2)$ must

be used for programming Asiginment#$1.$ The numerical values should not be converted to String

or characters.

Sample Output of Assigment#$1$:

The final program output using sample data set should appear as:

Enter investment amount iia: $8407\mathrm{.}56$

Enter annual interest rate in percentage: $5\mathrm{.}5\%$

Enter number of years: $7$

Future Investment Value is calculated is: $$12345\mathrm{.}007077220494$

fiai is: $12345$

fiai digits are:

digit$1$: $1$

digit$2$: $2$

digit$3$: $3$

digit$4$: $4$

digit$5$: $5$