Please use Java and show code for understanding.

1. (60 pts) Suppose you save $100 (this doesn't have to be an integer number) each month into a savings account with annual interest rate 3%. Thus, the monthly interest is 0.03/12 = 0.0025. After the first month, the value in the account becomes: 100 *(1 + 0.0025) = 100.25 After the second month, the value in the account becomes (100 + 100.25)*(1 + 0.0025) = 200.75 After the third month, the value in the account becomes (100+200.75) * (1 +0.0025) = 301.50 And so on. Write a program that prompts the user to enter a monthly saving amount and displays the account value after sixth month. An example input and output: Please enter the monthly saving amount: 100 After the sixth month, the account value is $605.27 (The shadowed content is your input, e.g. System.in based on Scanner)