Question

Write a program that calculates the future value of an investment at a given interest rate for a specified number of years. The formula for the calculation is as follows:futureValue = investmentAmount * (1 + monthlyInterestRate)years*12

Use text fields for interest rate, investment amount, and years. Display the future amount in a text field.

Answer 1

The text fields for interest rate, investment amount and years including the Java program of the problem is attached below

Step-by-step explanation:

The program is written and attached below. kindly find attached the required program that calculates the future value of an investment at a given interest rate fora specified number of years using the formula : future value = investment amount * ( 1 + monthly interest rate ) years *12