Question: In Java Design a class named Account that contains: A private int data field named id for the account (default 0). A private double data

In Java

Design a class named Account that contains:

A private int data field named id for the account (default 0).

A private double data field named balance for the account (default 0).

A private double data field named annualInterestRate that stores the current interest rate (default 0). Assume all accounts have the same interest rate.

A private Date data field named dateCreated that stores the date when the account was created.

A no-arg constructor that creates a default account.

A constructor that creates an account with the specified id and initial balance.

The accessor and mutator methods for id, balance, and annualInterestRate.

The accessor method for dateCreated.

A method named getMonthlyInterestRate() that returns the monthly interest rate.

A method named getMonthlyInterest() that returns the monthly interest.

A method named withdraw that withdraws a specified amount from the account.

A method named deposit that deposits a specified amount to the account.

Draw the UML diagram for the class and then implement the class. (Hint: The method getMonthlyInterest() is to return monthly interest, not the interest rate. Monthly interest is balance * monthlyInterestRate. monthlyInterestRate is annualInterestRate / 12. Note that annualInterestRate is a percentage, e.g., like 4.5%. You need to divide it by 100.)

Write a test program called TestAccount that creates an Account object with an account ID, a balance, and an annual interest rate from user input. Use the withdraw method to subtract the withdrawal amount, use the deposit method to add the deposit amount, and print the balance, the monthly interest, and the date when this account was created.

Algorithm:

Create Account class

Get accountid, annualInterestRate, beginningBalance, deposit, withdrawal

Create account object with accountID and beginningBalance

Invoke setAnnualnterestRate, withdraw, deposit

Create DecimalFormat object with format argument ("'$'#,###,##0.00")

Print out balance, monthly interest, annual interest, and date created

Sample run:

Enter the account id:

1

Enter the annual interest rate:

6.5

Enter the beginning balance:

75000

Enter the deposit amount:

50000

Enter the withdrawal amount:

25000

Balance is $100,000.00

Monthly interest is $541.67

Annual interest is $6,500.00

This account was created on Mon Jul 11 14:42:21 EDT 2016

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