The First National Bank of Parkville recently opened up a new “So You Want to Be

Question

The First National Bank of Parkville recently opened up a new “So You Want to Be a Millionaire” savings account. The new account works as follows:



· The bank doubles the customer’s balance every year until the customer’s balance reaches one million.

· The customer isn’t allowed to touch the money (no deposits or withdrawals) until the customer’s balance reaches one million.

· If the customer dies before becoming a millionaire, the bank keeps the customer’s balance.

· Note: Customers close to $1,000,000 tend to get “accidentally” run over in the bank’s parking lot.



Write a program that prompts the user for a starting balance and then prints the number of years it takes to reach $100,000 and also the number of years it takes to reach $1,000,000.



Sample session:



Enter starting balance: 10000

It takes 4 years to reach $100,000.

It takes 7 years to reach $1,000,000

Explanation / Answer

import java.io.*; public class bank_cramster { public static void main(String args[]){ try{ DataInputStream ds = new DataInputStream(System.in); int initial=0,year_for_100k=0,years_for_1000k=0,balance=0; System.out.println("Enter starting balance: "); initial = Integer.parseInt(ds.readLine()); balance = initial; while(balance

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