Javascript for Statement Calculate Compound Interest

let amount; // current amount of money
let principal = 1000.0; // principal amount
let rate = .05; // interest rate

// output a table row for each year
for ( let year = 1; year <= 10; ++year )
{
   amount = principal * Math.pow( 1.0 + rate, year );
   console.log( year );//from w  w w  . j  a  v a  2 s .c  om
   console.log( amount.toFixed(2) );
}