A bank offers 6.5% interest on saving account, compounded annually. Create a java program that shows how much money a person will accumulate over a period of 25 years, assuming that the person makes an initial investment of $1,000 and deposits $100 each year after the first. Your program should print for each year the current balance, the interest, the new deposit, and the new balance.

A bank offers 6.5% interest on saving account, compounded annually. Create a java program that shows how much money a person will accumulate over a period of 25 years, assuming that the person makes an initial investment of $1,000 and deposits $100 each year after the first. Your program should print for each year the current balance, the interest, the new deposit, and the new balance.

EBK JAVA PROGRAMMING

9th Edition

ISBN:9781337671385

Author:FARRELL

Publisher:FARRELL

Chapter2: Using Data

Section: Chapter Questions

Problem 15PE

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