Please help on my assignment. The main menu should look like this: 

Java Credit Main Menu  [1] New Credit Account  [2] Credit Inquiry  [3] Purchases  [4] Payment  [5] Close Credit Account  [7] Exit

Below are the specifications:

2. New Credit Account
   • Input the name of the client.
   • Input the annual income and assign the credit limit as follows: Annual Income Credit Limit 200,000 and above but not greater than 300,000 30,000 300,000 and above but not greater than 500,000 50,000 500,000 and above 100,000
   • Generate and display a random four-digit credit account number.
   • Display also the credit limit. The credit limit is the maximum amount of credit.
   • An annual income below 200,000 is not eligible for the credit.
5. Credit Inquiry
   • Input the credit account number and validate.
   • If the credit account number is valid, display the credit account number, credit account name, credit limit and credit balance.
   • The credit balance is the outstanding balance or the total amount due.
8. Purchases
   • Input the credit account number and validate
   • If the credit account number is valid, input the amount of purchases of not less than Php 1 and not greater than the credit limit and the allowable purchase amount.
   • Compute and update the credit balance and allowable purchase amount as follows:

Credit balance+=amount of purchases Interest=3% of credit balance Credit balance+=interest Allowable purchase amount = credit limit - credit balance

• The allowable purchase amount is the difference between the credit limit and the credit balance. The credit balance should not exceed the credit limit.

4. Payment

• Input the credit account number and validate
• If the credit account number is valid, input the amount of payment of not less than Php 1 and not greater than the credit balance
• Compute and update the credit balance as follows: Credit balance - = amount of payment

5. Close Credit Account

• Input the credit account number and validate
• If the credit account number is valid, confirm if the user wants to close the account.
• If confirmed by the user, he should be required to pay all the credit balance before closing the account.
• Otherwise, go back to the main menu.
• It the account has been closed, the credit account should not exist anymore.

6. Exit

• Terminates the program

7. All input values must be validated and must be required for re-entry of data when invalid.

8. The use of Exception for all input validations is required.

Answer rating: 100% (QA)

1 New Credit Account For this option the program should prompt the user to input the clients name and annual income Validate the annual income to ensu... View the full answer