1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bekas [8.4K]
3 years ago
5

This assignment is to read from an input file and process the data for a group of people. Your program calculates the interest a

nd print the details to the monitor, refer to the sample below. Terminate the program when the end of file is reached. In this assignment there is no need to verify data.
Write a Java program that accepts an amount of money on deposit and a number of years it has been on deposit. It will determine the interest to be paid on the deposit based on the following schedule:
Time on Deposit Interest Rate
>= 5 years 4.5%
Less than 5 and >=4 years 4%
Less than 4 and >=3 years 3.5%
Less than 3 and >=2 years 2.5%
Less than 2 and >=1 years 2%
Less than 1 year 1.5%
The program will use the entered code to determine number of times compound interest is calculated and paid per year.
Code Number of times calculated
A 4
B 2
C 1
D 12
E 365
Compute the interest using the following formula:
A = P(1+ r/n)^nt
P = principal amount (the initial amount you borrow or deposit).
r = annual rate of interest (as a decimal).
t = number of years the amount is deposited or borrowed for.
A = amount of money accumulated after n years, including interest.
n = number of times the interest is compounded per year.
Example:
An amount of $1,500.00 is deposited in a bank paying an annual interest rate of 4.3%, compounded quarterly. What is the balance after 6 years?
Solution :
Using the compound interest formula, where P - 1500,- 4.3/100 - 0.043, n = 4, t - 6.
Therefore,
Calculation A - 1500 (1+0.043/4)(4.6)
So, the balance after 6 years is approximately $1,938.84.
Display the original deposit, the interest earned and the new Balance (with interested added to the deposit).
Display the original deposit, the interest earned and the new Balance (with interested added to the deposit).
Your program will prompt user for the name of input file and will process all the data in the file.
Refer to the samples below for input file and output format.
Requirements:
• Prompt user for file names.
• include minimum of 4 Methods, more is OK.
• Use good variable names.
Input file format:
Name
Amount deposited Years Code
Input file sample:
Joseph Cardian III
1800 6
Nancy Brown
6780 10
Sample output 1
Program Number 1
Joe Blake
Computer Science 3
Enter File name: assign3.txt
Name Years Deposit Amount Interest Earned Total
Joseph Kardian III 6 $1500.00 $461.99 $1961.99
Nancy Brown 10 $6780.00 $3835.32 $10615.32
Thank you for using interest calculation program. Have a nice day.
Sample output 2
Program Number 1
Joe Blake
Computer Science 3
Enter File name: abc.txt Could not open file. Program terminated.
Sample output 3
Program Number 1
Joe Blake
Computer Science 3
Enter File name: blank.txt
There was no data in the file. Program terminated.
Computers and Technology
1 answer:
nignag [31]3 years ago
7 0

Answer:

the way of for 3

Explanation:

You might be interested in
One way to save time and get to the colleges that you are most interested in at a college fair is to
son4ous [18]

Answer:

Identify the location of the college stand in advance.

Explanation:

One way to save time and get to the colleges that you are most interested in at a college fair is to find out in advance the information about the fair, the colleges that are participating and from that pick the more interesting ones and identify the location of their stands. Like that when you arrive to the fair you can go directly to them and find them easily which will save you a lot of time as you won't be walking around the whole place to find them.

8 0
3 years ago
Read 2 more answers
To draw a clustered cylinder chart, first select the data to be charted and then click the column button (insert tab | charts gr
d1i1m1o1n [39]
It is true that to <span>draw a clustered cylinder chart, first select the data to be charted and then click the column button (insert tab | charts group).</span>
5 0
3 years ago
Digital Sep <br> helps as reimagine outcomes true or false
iragen [17]

Answer:

true

Explanation:

mark me as brailyist pls

6 0
3 years ago
It is important to use as much text as possible in a presentation. <br> a. True<br> b. False
Kryger [21]
False. You should have little text and lots of pictures, because you are the one who should be doing the explaining, not the presentation.
4 0
3 years ago
Which transfer of learning occurs when the performance of a maneuver interferes with the learning of another maneuver?
Nutka1998 [239]

Answer:

Negative transfer of learning

Explanation:

Negative transfer of learning occur when the knowledge you've acquired in the past is/are interfering with the one(s) you are currently acquiring.

Example: learning a new language that have some differences in pronunciation from the previous one, changing from a right-sided vehicles to a left-sided vehicles etc.

3 0
3 years ago
Other questions:
  • Is there a way to find the answers to I ready on the internet?
    6·1 answer
  • In an is framework, ________ is the bridge between the computer side on the left and the human side on the right
    12·1 answer
  • A blank is a link on a web page that leads to another web page.
    14·1 answer
  • Compare the logical link control and the media access control. Which of the following is a correct statement?
    7·2 answers
  • What is the best way to protect against the loss of important files
    15·1 answer
  • How many ways do advertisers determine target audiences ??????
    15·1 answer
  • To change the backround color of a page, which tab would you use?
    14·2 answers
  • You need to replace a broken monitor on a desktop system. You decide to replace it with a spare monitor that wasn't being used.
    15·2 answers
  • PLEASE HELP I HAVE A TEST RIGHT NOW!!!
    13·1 answer
  • You have just received a generic-looking email that is addressed as coming from the administrator of your company. The email say
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!