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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Show transcribed image text *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 futurelnvestmentValue( double InvestnientAmount, double monthlylnterestRate, int years) For example, futurelnvestmentValue(10000, 0.05/12, 5) returns 12833.59. Write a test program that prompts the user to enter the investment amount (e.g., 1000) and the interest rate (e.g., 9%) and prints a (able that displays future value for the years from 1 to 30, as shown below; The amount invested: 1000 Annual interest rate: 9 Years Future Value 1 1093.80 , 2 1196.41 . . . 29 13467.25 30 14730.57
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