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6.2

Sim ple Prgram Help

Asked by coolmarine24 in Java Programming Language

Tags: enter, interest, java

Experts I need to write a Java Program to calculate the future value of a Certificate of Deposit (COD). The program thru the "main" method will ask the user for the initial deposit, and the number of years the deposit will be invested for. Daily compounding will be assumed (eg 365 time per year). The "main" method will then calla method named "future value", sending this method the deposit and years.

This method will calculate the future value based on the number of years, for 5 or more years the interest rate will be 3.5%, for less than 5 years the interest rate will be 2.0%. The method will return the futire value to "main" where it will be printed out. I'd like to use:

P= future vakue
C= Intial Deposit
r = Interest Rate (expressed as fraction; e.g. 0.035)
n= number of times per year interest in compounded ( 365 in my case)
t= number of years invested.

This is what I have so far, ..........can you help please?? Thanks

package fall03l1;

import java.io.*;
import java.io.BufferedReader;
import java.io.IOException;
import java.io.InputStreamReader;
import java.text.DecimalFormat;

class VoidMethods
{
public static void main(String args[]) throws IOException
{

      useIntegers();
      useFutureValue();

}
//**********************************************************************
static void useIntegers()throws IOException
{
      BufferedReader in = new BufferedReader(new InputStreamReader(System.in));

      System.out.print("What is your Initital Deposit?: ");
      int C = Integer.parseInt(in.readLine());


      System.out.print("Enter the Number of Years: ");
int t = Integer.parseInt(in.readLine());
System.out.println("\n");
      }
      //*********************************************************************
      static void useFutureValue()throws IOException
      {
      BufferedReader in = new BufferedReader(new InputStreamReader(System.in));
      System.out.print("Enter the Interest Rate: ");
      double r = Double.parseDouble(in.readLine());

Get your answer NOW

20091111-EE-VQP-89

Sim ple Prgram Help

Asked by coolmarine24 in Java Programming Language

Tags: enter, interest, java

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