Control Statements
Loops
Application
The console for the Future Value application
The code for the Future Value application
import java.util.Scanner; import java.text.NumberFormat; public class FutureValueApp { public static void main(String[] args) { Scanner sc = new Scanner(System.in); String choice = "y"; while (!choice.equalsIgnoreCase("n")) { // get the input from the user System.out.print("Enter monthly investment: "); double monthlyInvestment = sc.nextDouble(); System.out.print("Enter yearly interest rate: "); double interestRate = sc.nextDouble(); System.out.print("Enter number of years: "); int years = sc.nextInt(); // convert yearly to monthly values // and initialize future value double monthlyInterestRate = interestRate/12/100; int months = years * 12; double futureValue = 0.0; // use a for loop to calculate the future value for (int i = 1; i <= months; i++) { futureValue = (futureValue + monthlyInvestment) * (1 + monthlyInterestRate); } // format and display the result NumberFormat currency = NumberFormat.getCurrencyInstance(); System.out.println("Future value: " + currency.format(futureValue)); System.out.println(); // see if the user wants to continue System.out.print("Continue? (y/n): "); choice = sc.next(); System.out.println(); } } }