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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 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
double amount = principal * Math.pow(1.0 + rate, year);
// display the year and the amount
System.out.printf("%4d%,20.2f%n", year, amount);
}
}
}
/**************************************************************************
* (C) Copyright 1992-2018 by Deitel & Associates, Inc. and *
* Pearson Education, Inc. All Rights Reserved. *
* *
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* to determine their effectiveness. The authors and publisher make *
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