/home/caleb/ASDV-Java/MP1_CalebFontenot/src/main/java/com/calebfontenot/mp1_calebfontenot/CompoundValue.java

    /*
     * Click nbfs://nbhost/SystemFileSystem/Templates/Licenses/license-default.txt to change this license
     * Click nbfs://nbhost/SystemFileSystem/Templates/Classes/Class.java to edit this template
     */
    package com.calebfontenot.mp1_calebfontenot;

    import java.util.Scanner;

    /**
     *
     * @author caleb
     */
    public class CompoundValue {

        public static void main(String[] args) {
            // Create Scanner
            Scanner input = new Scanner(System.in);

            // Define vars
            int counter;
            double SavingAmount;
            double InterestRate;

            // Prompt for input
            System.out.print("Enter monthly saving amount: ");
            SavingAmount = input.nextDouble();

            // Compute and Print result
            InterestRate = 0.05 / 12;
            SavingAmount = SavingAmount * (1 + InterestRate);
            System.out.println("The account is " + SavingAmount + " after month 1");
            for (counter = 2; counter <= 6; counter++) {
                SavingAmount = (100 + SavingAmount) * (1 + InterestRate);
                System.out.println("The account is " + SavingAmount + " after month " + counter);
            }
        }
    }