created compound calculator

practice_projects/src/compountInterest.java

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+import java.util.Scanner;
+
+public class compountInterest {
+
+    public static void main(String[] args) {
+
+        // Compound interest calculator
+
+        Scanner scanner = new Scanner(System.in);
+
+        // Initialize variables
+        double principal;
+        double rate;
+        int timesCompounded;
+        int years;
+        double amount;
+
+        // get inputs
+        System.out.print("Enter the principal amount: ");
+        principal = Double.valueOf(scanner.nextLine());
+
+        System.out.print("Enter the interest rate (in %): ");
+        rate = Double.valueOf(scanner.nextLine()) / 100;
+
+        System.out.print("Enter the # of times compounded per year: ");
+        timesCompounded = Integer.valueOf(scanner.nextLine());
+
+        System.out.print("Enter the # of years: ");
+        years = Integer.valueOf(scanner.nextLine());
+
+        // Calculate the compound interest
+        amount = principal * Math.pow(1 + rate / timesCompounded, timesCompounded * years);
+
+        // Print out the results
+        System.out.printf("\nThe amount after %d years is: $ %.2f", years, amount);
+
+
+
+        scanner.close();
+
+
+    }
+}