Question: Use Java to write the code, and please use some simple coding that the beginning java learner can understand. try to explain as much as

Use Java to write the code, and please use some simple coding that the beginning java learner can understand. try to explain as much as you can to teach me the code.

Use Java to write the code, and please use some simple coding

Write a program that prompts the user to enter a monthly amount you deposit in the account (could contain cents) and a yearly interest (e.g., 4.25). The program will first print the values you entered for monthly deposit and yearly interest rate, followed by the six, monthly calculations showing the month number and value of the account at the end of each month (with two decimal places) up to and including the 6th month. Sample output for $200 monthly deposit and 10% interest rate: monthly deposit: 200.0 yearly interest rate: 10.0 month 1 value: 201.66 month 2 value: 405.0 month 3 value: 610.04 month 4 value: 816.79 month 5 value: 1025.26 month 6 value: 1235.47

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!