How to take float precision to two decimal places?

Hi, everybody:
I'm a straight noob...first week in Java programming. Before you bash me for not checking FAQs and such, believe me, I have.
I have tried BigDecimal movePointLeft, but I don't know how to construct it using proper syntax. I also tried currency and toString but I keep messing up my syntax somehow. Four hours into this and nothing is working.
Here is the problem: I have a float. I want to format its output to two decimal places, trying to achieve in Java what C would produce as:
printf("The amount you owe is $%.2f", fltAnyName);
Any help would be appreciated.
Thanks,
Rob

Sorry, guys. I have tried both recommendations and I can't get either to work. I'm getting a compile error pointing to the delineating period between the "out" and "printf" when I try the C-like code. I have 1.5, too. I know your advice is sound so I must be doing something wrong. Can you insert the code DecimalFormat code that will correct this problem where it needs to go? The packages below have been included becasue of all the different solutions I have attempted.
import java.io.*;
import java.math.*;
import java.text.*;
import java.lang.*;
public class CoinCalculator2
     public static void main(String[] args) throws IOException
          String strQuartes, strDimes, strNickels, strPennies;
          int intQuartes, intDimes, intNickels, intPennies;
          float fltValue;
          BufferedReader dataIn = new BufferedReader(new InputStreamReader(System.in));
          System.out.println("THE COIN CALCULATOR");
          System.out.println();
          System.out.print("Enter the number of quarters you have: ");
               strQuartes = dataIn.readLine();
               intQuartes = Integer.parseInt(strQuartes) * 25;
          System.out.print("Enter the number of dimes you have: ");
               strDimes = dataIn.readLine();
               intDimes = Integer.parseInt(strDimes) * 10;
          System.out.print("Enter the number of nickles you have: ");
               strNickels = dataIn.readLine();
               intNickels = Integer.parseInt(strNickels) * 5;
          System.out.print("Enter the number of pennies you have: ");
               strPennies = dataIn.readLine();
               intPennies = Integer.parseInt(strPennies);
          fltValue = (intQuartes + intDimes + intNickels + intPennies) / 100;
          System.out.println();
          System.out.println("The value of your coins is $" + fltValue);
          System.out.println();
}

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