# Write a method that computes future investment value at a given

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  futureInvestmentValue(double investmentAmount, double  monthlyInterestRate, int years) For example,  futureInvestmentValue(10000, 0.05/12, 5) returns 12833.59. Write a  program that prompts the user to enter the investment amount (e.g.,  1000) and the interest rate (e.g., 9%) and prints a table that displays  future value for the years from 1 to 30, as shown below. First, truncate  the future value values to two decimals (See Chapter 2). Then use the  System.out.printf() method to format the output (See Chapter 4).

Program name:

Lab06.java

Sample Runs:

The amount invested: 1000

Annual interest rate: 5

Years      Future Value

1              1051.16

2             1104.94

3             1161.47

4             1220.89

5             1283.35

6             1349.01

7             1418.03

8             1490.58

9             1566.84

10            1647.00

11            1731.27

12            1819.84

13            1912.95

14            2010.82

15            2113.70

16            2221.84

17            2335.51

18            2455.00

19            2580.61

20            2712.64

21            2851.42

22            2997.30

23            3150.65

24            3311.84

25            3481.29

26            3659.39

27            3846.62

28            4043.42

29            4250.29

30            4467.74

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