Please explain briefly by making points and it should be done in JAVA .Problem Description: Write a program that reads in investment amount, annual interest rate, and number of years, and displays the future investment value using the following formula: and displays the future investment value using the following formula: futureInvestmentValue = investmentAmount * (1 + monthlyInterestRate)numberOfYears*12 For example, if you enter amount 1000, annual interest rate 3.25%, and number of years 1, the future investment value is 1032.98. Hint: Use the Math.pow(a, b) method to compute a raised to the power of b.

Here is a sample run: Sample 1: Enter investment amount: 1000 Enter annual interest rate: 4.25 Enter number of years: 1 Accumulated value is 1043.34

Sample 2: Enter investment amount: 1000 Enter annual interest rate: 4.25 Enter number of years: 1 Accumulated value is 1043.34 Analysis: (Describe the problem including input and output in your own words.) Design: (Describe the major steps for solving the problem.) Coding: (Copy and Paste Source Code here. Format your code using Courier 10pts) [Copy and Paste Your program here. Call the class Test] Testing: (Describe how you test this program) Submit the following items: 1. Print this Word file and Submit to me before the class on the due day 2. Compile, Run, and Submit to as Lab 1 (you must submit the program regardless whether it complete or incomplete, correct or incorrect) Code Solution: public class Test { public static void main(String[] args) { java.util.Scanner input = new java.util.Scanner(System.in); // Enter the investment amount System.out.print( "Enter the investment amount, for example 120000.95: "); double investmentAmount = input.nextDouble(); // Enter yearly interest rate System.out.print("Enter annual interest rate, for example 8.25: "); double annualInterestRate = input.nextDouble(); // Obtain monthly interest rate double monthlyInterestRate = annualInterestRate / 1200; // Enter number of years System.out.print( "Enter number of years as an integer, for example 5: "); int numOfYears = input.nextInt(); double futureValue = investmentAmount * Math.pow(1 + monthlyInterestRate, numOfYears * 12); System.out.print("Future value is " + (int)(futureValue * 100) / 100.0); } }