Question: Advance Java CSCI 3210 Section Name: Date: Assignment 1 Instructions: Submit an electronic copy of the assignment (java) to the Dropbox (ex. ClassName.java, etc.) IMPORTANT:
Advance Java CSCI 3210 Section Name: Date: Assignment 1 Instructions: Submit an electronic copy of the assignment (java) to the Dropbox (ex. ClassName.java, etc.) IMPORTANT: FOLLOW GOOD PROGRAMMING STYLE/CONVENTION FOR NAMING ALL YOUR OBJECTS/VARIABLES. ADD COMMENTS ON TOP OF EACH METHOD AND AT TOP OF THE FILE (SEE EXAMPLE AT THE LAST PAGE) Programming Exercise: (Savings Account Class) Create class Savings Account. Use a static variable annualInterestRate to store the annual interest rate for all account holders. Each object of the class contains a private instance variable savings Balance indicating the amount the saver currently has on deposit. Provide method calculateMonthlyInterest to calculate the monthly interest by multiplying the savings Balance by annualInterestRate divided by 12this interest should be added to savings- Balance. Provide a static method modifyInterestRate that sets the annualInterestRate to a new value. Write a program to test class Savings Account. Instantiate two savings Account objects, saverl and saver2, with balances of $2000.00 and $3000.00, respectively. Set annualInterestRate to 4%, then calculate the monthly interest for each of 12 months and print the new balances for both savers. Next, set the annualInterestRate to 5%, calculate the next month's interest and print the new balances for both savers
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