Re: Various Interest Rates

The for loop below seems to be working for me, at the moment. I have
the interest rates at full numbers eg 5, 6 etc. but i need to change
them to 0.05, 0.06 but not sure how to go about this. Think it might be
something to do with precision?


// calculate amount of deposit for each of ten years
for ( int year = 1; year <= 10; year ++ ) {

//calculate interest rates
for ( int rate = 5; rate <=10; rate ++) {

// calculate new amount for specified year
amount = principal * Math.pow( 1.0 + rate, year );

// append one line of text to outputTextAea
outputTextArea.append( year + "\t" + moneyFormat.format( amount
) + "\t" + moneyFormat.format( amount )
+ "\t" + moneyFormat.format( amount ) + "\t" +
moneyFormat.format( amount ) + "\t" + moneyFormat.format( amount ) +
"\t" + moneyFormat.format( amount ) + "\n" );

}// end for
} //end for

.

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