Write a program that reads in investment amount annual inter
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:
For example, if you enter amount 1000 , annual interest rate 3.25% , and number
of years 1 , the future investment value is 1032.98 .
I need the inputs, outputs, flowchart, and pseudocode. This is for Java.
future Investment Value investment Amount x monthly InterestRate)numberoneas 12Solution
FutureInvestmentCalc.java
import java.text.DecimalFormat;
import java.util.Scanner;
public class FutureInvestmentCalc {
public static void main(String[] args) {
//Creating the DecimalFormat class object
DecimalFormat df=new DecimalFormat(\"#.##\");
//Scanner Object is used to get the inputs entered by the user
Scanner sc=new Scanner(System.in);
double investment_amount,annual_interest_rate,future_investment;;
int no_of_years;
System.out.print(\"Enter the investment amount :\");
investment_amount=sc.nextDouble();
System.out.print(\"Enter the Annual Interst Rate :\");
annual_interest_rate=sc.nextDouble();
System.out.print(\"Enter No of years :\");
no_of_years=sc.nextInt();
//calculating the future investment
future_investment = (investment_amount )* Math.pow(1 + (annual_interest_rate/1200),no_of_years*12);
//Displaying the future investment value
System.out.println(\"Future Investment value is \"+df.format(future_investment));
}
}
______________________
Output:
Enter the investment amount :1000
Enter the Annual Interst Rate :3.25
Enter No of years :1
Future Investment value is 1032.99
__________Thank You
