Create class SavingsAccount. Use a static variable annuallnterestRate to store the annual interest rate for all account holders. Each object of the class contains a private instance variable savingsBalance indicating the amount the saver currently has on deposit. Provide method calculateMonthlyInterest to calculate the monthly interest by multiplying the savingsBalance by annuallnterestRate divided by 12- this interest should be added to savingsBalance. Provide a static method setInterestRate that sets the annuallnterestRate to a new value. There should also be a method setSavingsBalance to set the initial savings balance for a new saver or you can do it through a constructor. Write a program to test class SavingsAccount. Instantiate two SavingsAccount objects, saver1 and saver2, with balances of $2000.00 and $3000.00, respectively. Set annuallnterestRate to 4%, then calculate the monthly interest for each 12 months and print the new balances for both savers. Next, set the annuallnterestRate to 5%, calculate the next month's interest and print the new balances for both savers. If you run this java file right now, it only prints out the amount for 1 month. How can you make my program so that it prints the amount for 13 months? It should print out Month 1: 2006.67 Month 2: 2013.36 Month 3: 2020.07 Month 4: 2026.80 etc. after 12 month, change the rate to be 5 percent
Create class SavingsAccount. Use a static variable annuallnterestRate to store the annual interest rate for all account holders. Each object of the class contains a private instance variable savingsBalance indicating the amount the saver currently has on deposit. Provide method calculateMonthlyInterest to calculate the monthly interest by multiplying the savingsBalance by annuallnterestRate divided by 12- this interest should be added to savingsBalance. Provide a static method setInterestRate that sets the annuallnterestRate to a new value. There should also be a method setSavingsBalance to set the initial savings balance for a new saver or you can do it through a constructor. Write a program to test class SavingsAccount. Instantiate two SavingsAccount objects, saver1 and saver2, with balances of $2000.00 and $3000.00, respectively. Set annuallnterestRate to 4%, then calculate the monthly interest for each 12 months and print the new balances for both savers. Next, set the annuallnterestRate to 5%, calculate the next month's interest and print the new balances for both savers. If you run this java file right now, it only prints out the amount for 1 month. How can you make my program so that it prints the amount for 13 months? It should print out Month 1: 2006.67 Month 2: 2013.36 Month 3: 2020.07 Month 4: 2026.80 etc. after 12 month, change the rate to be 5 percent
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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