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 Solution Manual for Intro to Java
Programming, Comp Version, 10/E 10th
Edition : 0133813460
full chapter at: https://testbankbell.com/product/solution-
manual-for-intro-to-java-programming-comp-version-10-e-10th-
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Student Name:
Class and Section
Total Points (20 pts)
Due: Jan 31, 2011 before the class

Project: Calculating Future Investment Value

CSCI 1301 Introduction to Programming Principles
Armstrong Atlantic State University

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:

1
(Describe the problem including input and output in your own words.)

2
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]

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 LiveLab as Exercise02_17 (you must submit the program
regardless whether it complete or incomplete, correct or incorrect)
3
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, \nfor 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);
}
}

4
Other documents randomly have
different content
damaged disk or other medium, a computer virus, or computer
codes that damage or cannot be read by your equipment.

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