Java Newbie Needs Help

[lonlonmalon]

I admit I was a little lazy after doing the first year's calculation. Thanks for the correction. :P

But I will try out your idea ASAP.

[TBeck]

I was checking the math and it seems to be alright, then I noticed this part:

double rateOfInterest = Double.parseDouble(initialBalance);

the bold should be replaced with stringRateOfInterest