Question: In Java -- Revolving credit account: Input: Account Balance Ouput: interest due, total amount due, and minimum payment, NEW account balance Process: For each account
In Java -- Revolving credit account:
Input: Account Balance
Ouput: interest due, total amount due, and minimum payment, NEW account balance
Process: For each account balance, calculate and add interest to get the total amount due using the following
Interest rate schedule: Interest is 1.5% on the first $1000 and 1% on any amount over that.
Minimum Payment:
The total amount due if the total amount due is $10 or less.
$10 or 10% of the total amount due, whichever is larger
Read account balances from a file until end of file
Create an Account class in your program.
Create the accounts.txt data file before running your program.
Use the following test data to test your program:
| File name | Account Balances |
| accounts.txt | 6.00 10.00 20.00 90.00 100.00 200.00 1000.00 1500.00 2000.00 2500.00 |
Turn in copies of your program and the data file and output from test run.
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