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- public void compoundAnnual() {
- double investment = 1000;
- int year = 25;
- double newDeposit = 0;
- double newBalance;
- double interestRate = 6.5;
- double interest;
- double deposit = 0;
- System.out.println("Year Interest New Deposit New Balance");
- System.out.println("------------------------------------------------------");
- for (int i = 1; i <= year; i++) {
- if (i == 1)
- {
- newDeposit = investment;
- }
- newBalance = newDeposit * Math.pow((1 + (interestRate/100)), 1);
- interest = newBalance - newDeposit;
- System.out.printf("%1d %10.2f %20.2f %22.2f \n ", i, interest, newDeposit, newBalance);
- newDeposit = newBalance + 100;
- }
- }
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