import java.util.Scanner; public class Part1 { public static void main(String[] args) { // Create new Scanner object to receive user input Scanner input = new Scanner(System.in); // Initialize constant value for monthly interest rate final double MONTHLY_INTEREST_RATE = 0.00417; // Prompt the user to enter a monthly saving amount System.out.print("Enter the monthly saving amount: "); // Get user input for monthly saving amount double monthlySavingAmount = input.nextDouble(); // Calculates first month account value double totalAmount = monthlySavingAmount * (1 + MONTHLY_INTEREST_RATE); System.out.println("After the first month, the account value is " + totalAmount); // Calculates second month account value totalAmount = (monthlySavingAmount + totalAmount) * (1 + MONTHLY_INTEREST_RATE); System.out.println("After the second month, the account value is " + totalAmount); // Calculates third month account value totalAmount = (monthlySavingAmount + totalAmount) * (1 + MONTHLY_INTEREST_RATE); System.out.println("After the third month, the account value is " + totalAmount); // Calculates fourth month account value totalAmount = (monthlySavingAmount + totalAmount) * (1 + MONTHLY_INTEREST_RATE); System.out.println("After the forth month, the account value is " + totalAmount); // Calculates fifth month account value totalAmount = (monthlySavingAmount + totalAmount) * (1 + MONTHLY_INTEREST_RATE); System.out.println("After the fifth month, the account value is " + totalAmount); // Calculates sixth month account value totalAmount = (monthlySavingAmount + totalAmount) * (1 + MONTHLY_INTEREST_RATE); // Displays result System.out.println("After the sixth month, the account value is " + totalAmount); } }