Question: In Java ( Savings Account Class ) Create class Savings Account. Use a static variable annual Interest Rate to store the annual interest rate for
In Java Savings Account Class Create class Savings Account. Use a static variable annual Interest Rate 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 calculate Monthly Interest to calculate the monthly interest by multiplying the savings Balance by annual Interest Rate divided by this interest should be added to savingsBalance. Provide a static method modify Interest Rate that sets the annual Interest Rate to a new value. Write a program to test class Savings Account. Instantiate two savings Account objects, saver and saver with balances of $ and $ respectively. Set annual Interest Rate to then calculate the monthly interest for each of months and print the new balances for both savers. Next, set the annual Interest Rate to calculate the next months interest and print the new balances for both savers.
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