Question: respond as a single program with several repayment schedules, like even principal, total payments, unpaid balance, and balloon payments. Also compare the present value of



respond as a single program with several repayment schedules, like even principal, total payments, unpaid balance, and balloon payments. Also compare the present value of all payments for the same initial loan amount and years assuming a 4% discount rate. Reference the source of your equations. which schedule has the lowest net present value?
*6.7 (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 Programming Exercise 2.21. Use the following method header: public static double futureInvestmentValue double investment Amount, double monthlyInterestRate, int years) For example, future InvestmentValue (10000, 0.05/12, 5) returns 12833.59. Write a test program that prompts the user to enter the investment amount (e.g., 1,000) 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: Sample Run for Exercise06_07.java Enter input data for the program (Sample data provided below. You may modify it.) 12319.82 9.5 Show the Sample Output Using the Preceeding Input Reset LALALALALA Execution Result: N 00 JDK8>java Exercise06_07 The amount invested: 12319.82 Annual interest rate: 9.5 Years Future Value 1 13542.53 2 14886.60 3 16364.05 4 17988.15 5 19773.43 6 21735.89 7 23893.13 8 26264.46 9 28871.15 10 31736.54 11 34886.31 12 38348.70 13 42154.71 14 46338.46 15 50937.45 16 55992.86 17 61550.02 18 67658.71 19 74373.67 20 81755.08 21 89869.08 22 98788.37 23 108592.87 24 119370.45 25 131217.68 26 144246.72 27 158556.26 28 174292.59 29 191593.71 30 210605.62 JDK8Step by Step Solution
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