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 12this interest should be added to savings-Balance. 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, saver1 and saver2, with balances of $2000.00 and $3000.00, respectively. Set annual Interest Rate to 4%, then calculate the monthly interest for each of 12 months and print the new balances for both savers. Next, set the annual Interest Rate to 5%, calculate the next months interest and print the new balances for both savers.

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