Question: Write a Java program to calculate the compound interest with the information given. A retirement account is opened with an initial deposit of $8,500 and

Write a Java program to calculate the compound interest with the information given. A retirement account is opened with an initial deposit of $8,500 and earns 8.12% interest compounded monthly. Calculate and print the amount of money in the account at the end of each year for twenty years. Use the following formula to determine the amount : 1. Write a Java program to calculate the compound interest with the information

2. given. A retirement account is opened with an initial deposit of $8,500

A=P(1+nr)nt A=P(1+rt)

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