Can you please explain it step by step and in detail, thank you.

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 following formula:

$$ numberOfYears

$*12$

futureInvestmentValue

$=$

$$investmentAmount x

$(1$

$+$

$$monthlyInterestRate

$)$

$$

Use the following method header:

$$

public static double futureInvestmentValue

$($

$$ double investmentAmount, double monthlyInterestRate, int years

$)$

$$

For example, futureInvestmentValue

$(10000$

$,$

$0\mathrm{.}05/12$

$,$

$5)$

$$returns

$12833\mathrm{.}59$

$.$

$$

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:

$1000$

Annual interest rate:

$9$

$\%$

Years Future Value

$11093\mathrm{.}80$

$21196\mathrm{.}41$

$.$

$.$

$.$

$2913467\mathrm{.}25$

$3014730\mathrm{.}57$