MITS4002 - Object-oriented Software Development & Building Control or Loop Structures With Customer Analysis - IT Assignment Help

Assignment Task

This assessment covers the following LOs. 
LO1 Demonstrate understanding of classes, constructors, objects, data types, and instantiation; Convert data types using wrapper methods and objects
LO2 Independently analyze customer requirements and design object-oriented programs using a scope, inheritance, and other design techniques; Create classes and objects that access variables and modifier keywords. Develop methods using parameters and return values
LO3 Demonstrate adaptability in building control and loop structures in an object-oriented environment; Demonstrate use of user-defined data structures and array manipulation
 

Project: Calculating Future Investment Value
Problem Description:
Write a program that reads in investment amount, annual interest rate, and a number of years, and displays the future investment value using the following formula:
and displays the future investment value using the following formula:

For example, if you enter amount 1000, annual interest rate 3.25%, and the number of years 1, the future investment value is 1032.98. 

Sample 1:
Enter investment amount: 1000
Enter the annual interest rate: 4.25
Enter Number of years: 1
The accumulated value is $1043.34

Design:
Imported java scanner followed by the creation of  variables as indicated such as number of years, amount of investment and annual interest rate,
Did not use integer used double instead so that no errors occur while using decimals followed by formula programming for the value of an investment using 3 easy parts one section for adding up per month interest rate, 
Followed by another part as multiplication of the value of an investment with 12 months and final value using math.pow formula such as Math. pow(a, b) 
formulation : Math.pow(value of Investment part1,value of investment part2)
For investment rate, the amount was multiplied by investment value in section 3 as a divide above which resulted as summed up value with the result obtained from the calculation of future investment value.
 

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