Initial value and Print format

[toldav]

I just need help to display my initial value of 25000 when the loop runs and print the years. I need the year 1 to be the initial value without doing the percent first. Also my print format doesnot display the $ and the headers. Any guide to the right direction will helpful.
Thank you.

import java.util.Scanner;

public class EmployeeSalary
{
    public static void main(String[] args) // main method
    {
        final double rate = 5; // 5% raise
        final double initial_balance = 25000; // initial salary
        double balance = initial_balance;

        System.out.print("Enter number of years: "); // employee input
        Scanner in = new Scanner(System.in);
        int nyears = in.nextInt();

        // do the looping
        for (int year = 1; year <= nyears; year++)
        {
            // do the math
            double interest = balance * rate / 100;
            balance = balance + interest;
            // print the result
            System.out.format("%4d %10.2f%n", year, balance);
        }
    }
}

[mvmalderen]

Also my print format doesnot display the $ and the headers.

Take a look at the DecimalFormat class.

I need the year 1 to be the initial value without doing the percent first

Print out the balance before adding the interest to it.

Are you required to use loops?

[toldav]

Yes, I need to use loops