Calculating the value of PI accurately to 5 decimal places

This program uses the Gregory-Leibniz series for calculating the value of PI. Note that this series is slow and there exist other faster algorithms for calculating the value of PI. 

A simple infinite series for π is the Gregory–Leibniz series:

As individual terms of this infinite series are added to the sum, the total gradually gets closer to π, and – with a sufficient number of terms – can get as close to π as desired. It converges quite slowly, though – after 500,000 terms, it produces only five correct decimal digits of π.

Source:

public class PI { 

    static float calculate() {
        float denom = 1, sum = 0, numerator = -4.0f;   
    
        for(int i=0;i<500000;++i){
            float nextTerm = (numerator=-numerator) / (denom);  
            sum += nextTerm;  
            denom+=2;
        }
        return sum;
    }
    
    public static void main(String[] args) { 
        System.out.println(calculate()); 
    }
}

Output:

3.141594