Source Code : Using BigDecimal for Precision

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Using BigDecimal for Precision

         
import java.math.BigDecimal;

public class BigDec {
  public static void main(String args[]) {
    BigDecimal rate = new BigDecimal(".03251234");
    BigDecimal months = new BigDecimal("12");
    BigDecimal monthlyRate = rate
        .divide(months, BigDecimal.ROUND_HALF_DOWN);
    System.out.println("Annual rate : " + rate);
    System.out.println("Monthly rate: " + monthlyRate);
    BigDecimal balance = new BigDecimal("10000.0000");
    for (int i = 0; i < 12; i++) {
      BigDecimal interest = balance.multiply(monthlyRate);
      balance = balance.add(interest);
      System.out.println("Balance: " + balance);
    }
  }
}
           
         
    
    
    
    
    
    
    
    
  

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