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Student Name: __________________
Class and Section __________________
Total Points (20 pts) __________________
Due: August 28, 2019 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 =
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:
Sample 2:
Enter investment amount: 1000
Analysis:
(Describe the problem including input and output in your own words.)
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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_21 (you must submit the program
regardless whether it complete or incomplete, correct or incorrect)
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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