/*
This program is a part of the companion code for Core Java 8th ed.
(http://horstmann.com/corejava)
This program is free software: you can redistribute it and/or modify
it under the terms of the GNU General Public License as published by
the Free Software Foundation, either version 3 of the License, or
(at your option) any later version.
This program is distributed in the hope that it will be useful,
but WITHOUT ANY WARRANTY; without even the implied warranty of
MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
GNU General Public License for more details.
You should have received a copy of the GNU General Public License
along with this program. If not, see <http://www.gnu.org/licenses/>.
*/
import java.util.Scanner;
/**
* This program demonstrates a <code>while</code> loop.
*
* @version 1.20 2004-02-10
* @author Cay Horstmann
*/
public class Retirement {
public static void main(String[] args) {
// read inputs
Scanner in = new Scanner(System.in);
System.out.print("How much money do you need to retire? ");
double goal = in.nextDouble();
System.out.print("How much money will you contribute every year? ");
double payment = in.nextDouble();
System.out.print("Interest rate in %: ");
double interestRate = in.nextDouble();
double balance = 0;
int years = 0;
// update account balance while goal isn't reached
while (balance < goal) {
// add this year's payment and interest
balance += payment;
double interest = balance * interestRate / 100;
balance += interest;
years++;
}
System.out.println("You can retire in " + years + " years.");
}
}
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