Prog._Assignment — Week 4

ProgramChapter13

GradingInformation:ThisProgramisdueonSundayatMidnight.Comments
areREQUIRED;flowcharts
andpseudocodeareNOTREQUIRED.

Directions

Points

Thefile
mustbecalled
<YourNameChapter13.java>(driverprogram)FiLiSavingsAccount.java(handlesinterestandbalancecalculations) (FiLi=FirstInitialLastInitial)

Example:KenDeweyChapter13.java(driverprogram)

KDSavingsAccount.java

Ensureyouinclude ALL
filesrequiredtomakeyour
program compileandrun.Iwouldlike
toseeyour
.javafilesonly.

Propercoding
conventionsrequiredthefirstletter
oftheclass
startwithacapital
letterandthefirstletter
ofeachadditionalwordstartwithacapital
letter.

OverallRequirements

Writeaprogram
thatestablishestwosavingsaccountswithsaver1havingaccount
number10002with
aninitialbalanceof$2,000,and
saver2
havingaccount10003 withaninitialbalance
of$3,000.Setacommon
rateofinterestat5%peryear.Atthe
endofeachmonth,update
thebalanceby addingonemonth’sinteresttothe balance,sothatthebalancecompoundsmonthly.Printanoutputthatdisplaysthemonthnumberandtheaccountnumberandthebalanceforeachofthetwo accounts.Usemonth0todisplay
theinitialbalances,month1todisplaythe balancesafterthefirst
month’sinterest,andsoon.Attheendoftheyear,
displaythe totalbalanceforbothaccountscombined,likethis:

Output:

Monthlybalancesforoneyear
with0.05annual
interest:MonthAccount# BalanceAccount
# Balance

————– —————- ——-

0 10002 2000.00 10003 3000.00

1 10002 2008.33 10003 3012.50

2 10002 2016.70 10003 3025.05

3 10002 2025.10 10003 3037.66

4 10002 2033.54 10003 3050.31

5 10002 2042.02 10003 3063.02

6 10002 2050.52 10003 3075.79

7 10002 2059.07 10003 3088.60

8 10002 2067.65 10003 3101.47

10%

9 10002 2076.26 10003 3114.39 10 10002 2084.91 10003 3127.37 11 10002 2093.60 10003 3140.40 12 10002 2102.32 10003 3153.49 Finalbalanceofbothaccountscombined:5255.81 Usetwoclasses,aFiLiSavingsAccountclassandaYourNameChapter13asyour Driverclass.
FiLiSavingsAccount.javaclass IntheSavingsAccountclass,declare aclassvariablecalledannualInterestRate,aninstanceconstantcalledACCOUNT_NUMBER,andaninstancevariablecalledbalance.Provideatwo-parameterconstructortoinitializetheinstanceconstantandinstancevariable,andprovideaccessorsfortheinstanceconstantandinstancevariable.ProvideanaddMonthlyInterestmethodtoupdatethebalance,byadding (balance*annualInterestRate/12)tothecurrentbalance. Youarealsorequiredtoprovideaclassmethod thatsetstheannualinterestrate.	40%
YourNameChapter13.javaclass IntheYourNameChapter13Driver class,instantiatethe saver1 andsaver2objects.Settheannual interestrateat0.05.Printthetableheading lines.Useaforlooptoprinttheinitialaccountnumbersandbalancesand theaccountnumbersand balanceseachmonth afterthatmonth’s interesthasbeenadded.After thelast month’s printout,computeanddisplaythetotalofbothbalances.	40%
Yourdrivershouldgeneratethefollowingoutputs:	5%
Output:
Monthlybalancesforoneyear with0.05annual interest:
MonthAccount# BalanceAccount # Balance
————– —————- ——-
0 10002 2000.00 10003 3000.00 1 10002 2008.33 10003 3012.50
2 10002 2016.70 10003 3025.05
3 10002 2025.10 10003 3037.66
4 10002 2033.54 10003 3050.31
5 10002 2042.02 10003 3063.02
6 10002 2050.52 10003 3075.79
7 10002 2059.07 10003 3088.60
8 10002 2067.65 10003 3101.47
9 10002 2076.26 10003 3114.39
10 10002 2084.91 10003 3127.37
11 10002 2093.60 10003 3140.40

12 10002 2102.32 10003 3153.49 Finalbalanceofbothaccountscombined:5255.81
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TotalPoints	100%

Prog._Assignment — Week 4

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