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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