lab 2 I want this two questions coding in java I am showing format in another picture // variables // Assignment // Calculations //Output

2) Write an algorithm to calculate the interest on a loan and the remaining balance after a specified payment is made. Interest and payment are made at the end of the year 3) Write an algorithm to determine insurance company payment and your payment You may assume that the total charges are greater than the deductible Deductible $1000 - you pay all charges until this amount is reached. Co pay 20% after the deductible - after the deductible is used you pay this amount of charges Prescription co pay $40 payment for each prescription, Insurance company pays rest. (not included in deductible) The algorithm should be general but try the algorithm for this example Total charges $5000 Prescriptions 3 for $65 each