Calculating Future Investment Value

The assignment is for MITS4002 Activity 03, which requires students to write a program that calculates the future investment value using a given formula. The program needs to take in investment amount, annual interest rate, and number of years as input, and output the future investment value. Students are expected to follow the provided sample runs and submit their work on Moodle, with 50% deduction for late submissions within one week, 0 mark for late submissions more than one week, and 0 mark for duplicated or shared work.

MITS4002
OBJECT-ORIENTED SOFTWARE
DEVELOPMENT
Activity 03
Due: Monday Lesson 05
50% deduction for Late Submission within one week
0 mark for Late Submission more than one week
0 mark for duplicated Submission or Shared Work
You will be marked based on your submitted zipped file on Moodle. You are
most welcome to check your file with your lab tutor before your submission.
No excuse will be accepted due to file corruption, absence from lecture or lab
classes where details of lab requirements may be given.
Please make sure that you attend Lecture EVERY WEEK as low
attendance may result in academic penalty or failure of this unit.
Student ID:
Student full name:
Total Points (20 pts):

MITS4002 Activity 03
Copyright © 2015-2019 VIT, All Rights Reserved. Page 2

MITS4002 Activity 03
Project: Calculating Future Investment Value
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 =
investmentAmount * (1 + monthlyInterestRate)numberOfYears*12
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:
Enter investment amount: 1000
Enter annual interest rate: 4.25
Enter number of years: 1
Accumulated value is 1043.34
Sample 2:
Enter investment amount: 1000
Enter annual interest rate: 4.25
Enter number of years: 1
Accumulated value is 1043.34
Copyright © 2015-2019 VIT, All Rights Reserved. Page 3