📄 interest.java
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// Fig. 5.6: Interest.java
// Compound-interest calculations with for.
public class Interest
{
public static void main( String args[] )
{
double amount; // amount on deposit at end of each year
double principal = 1000.0; // initial amount before interest
double rate = 0.05; // interest rate
// display headers
System.out.printf( "%s%20s\n", "Year", "Amount on deposit" );
// calculate amount on deposit for each of ten years
for ( int year = 1; year <= 10; year++ )
{
// calculate new amount for specified year
amount = principal * Math.pow( 1.0 + rate, year );
// display the year and the amount
System.out.printf( "%4d%,20.2f\n", year, amount );
} // end for
} // end main
} // end class Interest
/**************************************************************************
* (C) Copyright 1992-2005 by Deitel & Associates, Inc. and *
* Pearson Education, Inc. All Rights Reserved. *
* *
* DISCLAIMER: The authors and publisher of this book have used their *
* best efforts in preparing the book. These efforts include the *
* development, research, and testing of the theories and programs *
* to determine their effectiveness. The authors and publisher make *
* no warranty of any kind, expressed or implied, with regard to these *
* programs or to the documentation contained in these books. The authors *
* and publisher shall not be liable in any event for incidental or *
* consequential damages in connection with, or arising out of, the *
* furnishing, performance, or use of these programs. *
*************************************************************************/
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