Question: ( Financial application: compute the future investment value ) Write a method that computes future investment value at a given interest rate for a specified

(Financial application: compute the future investment value) 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 the following Truncate decimals example: Use the following method header: public static double futureInvestmentValue(double investmentAmount, double monthlyInterestRate, int years) For example, futureInvestmentValue(10000,0.05/12,5) returns 12833.59. Write a program that prompts the user to enter the investment amount (e.g.,1000) and the interest rate (e.g.,9

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!