DESCRIPTION

Write a program that takes two numbers from the Java console representing, respectively, an investment and an interest rate (you will expect the user to enter a number such as .065 for the interest rate, representing a 6.5% interest rate.)

Do not prompt anything from the user before reading in the investment and interest rate. Your program should calculate and output (in $ notation) the future value of the investment in 5, 10, 15 and 20 years using the following formula:

future value = investment * (1 + interest rate)^year

We will assume the interest rate is an annual rate and is compounded annually.

Use NumberFormat to output the $:

https://docs.oracle.com/javase/7/docs/api/javax/swing/text/NumberFormatter.html

Only display the output like this:

Year 5: $31,907.04

Year 10: $40,722.37

Year 15: $51,973.20

Year 20: $66,332.44

substituting the correct amount for the value of the investment after the given period.

The program must ignore any input other than decimal numbers. Scanner s = new

Scanner(System.in); while(!s.hasNextDouble()) s.next(); Lastly, don't forget to take out the package when you submit to mimir. Pay attention to the spacing in the output.

this is what the professor give me .

package interestrate;

import java.util.Scanner; import javax.swing.text.NumberFormatter; import java.text.NumberFormat; import java.util.Locale;

/** * * @author dfreer */ public class InterestRate {

/** * @param args the command line arguments */ public static void main(String[] args) { NumberFormat nf = NumberFormat.getCurrencyInstance(Locale.US); Scanner s = new Scanner(System.in); //fill in the logic here //Display like this exactly System.out.println("Year " + + ": " + nf.format()); } }