Please help urgently needed. Best program answer gets 1,000 points. Thank you. A

Question

Please help urgently needed. Best program answer gets 1,000 points. Thank you.

After the initial balance given show:

·     the current balance,

·     the new balance,

·     the interest earned (or Fees accrued) for the month and

·     the cumulative interest (or Fees)(Year to Date)

After processing a month just ask the user if they want to see the results for another month (i.e. don’t ask the user for a set number of months to process). Let your program indefinitely ask if another month is to be processed until the user says “no.”

import java.util.*;

public class Banking
{

public static void main(String[] args)
{
  final double FEE_CHECK    = 25.00;
  final double FEE_SAVINGS = 10.00;
  
  final double SAV_INT =    0.04; //Savings interest rate 4%
  final double CHK_INT1 = 0.03; //Checking interest rate 3% 1st Tier
  final double CHK_INT2 = 0.05; //Checking interest rate 5% 2nd Tier
  
  long acctNum;                           //Account number is a long integer
  char acctType;
  double minBal, currBal;            //Minimum Balance and Current Balance
  double newBal, interest;           //NewBalance and Interest
  
  Scanner scan = new Scanner(System.in);    //Keyboard input
  
  
  
  System.out.print("Enter account number: ");
  acctNum = scan.nextLong();
  
  scan.nextLine();      //Just to clear the input buffer of carriage return
  
                               //Get account Type...Checking or Saving with validation
do
  {
    System.out.print("Enter account type - (C)hecking or (S)avings: ");
    acctType = scan.nextLine().toLowerCase().charAt(0);
   
    if ( acctType != 's' && acctType != 'c' )
    System.out.println("Invalid Response! ");
   
  } while ( acctType != 's' && acctType != 'c' );

                                  //Get minimum balance for account type

    System.out.print("Enter minimum balance for account type: ");
    minBal = scan.nextDouble();
   
                                 //Get account balance

    System.out.print("Enter account balance: ");
    currBal = scan.nextDouble();
   
                               //Check if any fees apply
   
    if (currBal < minBal)
    {
    if (acctType == 's')
     newBal = currBal - FEE_SAVINGS; //Savings low balance fee
    else
     newBal = currBal - FEE_CHECK;    //Checking low balance fee
    }
    else                 //Apply interest rates
    {
     if (acctType == 's')
      newBal = (currBal * SAV_INT) + currBal;
   
     else          //Handle Checking interest 2 tiers
     
      if (currBal >= minBal && currBal <= (minBal + 5000)) //Check range of balance
       newBal = (currBal * CHK_INT1) + currBal;
      else
       newBal = (currBal * CHK_INT2) + currBal;
    }   //end else
   
                       //Print Results
   
    System.out.println("Account Number: " + acctNum);
    System.out.println("Account Type: " + acctType);
    System.out.println("Current Balance: " + currBal);
    System.out.println("New Balance: " + newBal);
   
} //main

}

Explanation / Answer

package mani;
import java.util.*;
public class Banking
{
public static void main(String[] args)
{
final double FEE_CHECK = 25.00;
final double FEE_SAVINGS = 10.00;
  
final double SAV_INT = 0.04; //Savings interest rate 4%
final double CHK_INT1 = 0.03; //Checking interest rate 3% 1st Tier
final double CHK_INT2 = 0.05; //Checking interest rate 5% 2nd Tier
  
long acctNum; //Account number is a long integer
char acctType;
double minBal, currBal; //Minimum Balance and Current Balance
double newBal, interest; //NewBalance and Interest
  
Scanner scan = new Scanner(System.in); //Keyboard input
  
  
  
System.out.print("Enter account number: ");
acctNum = scan.nextLong();
  
scan.nextLine(); //Just to clear the input buffer of carriage return
  
//Get account Type...Checking or Saving with validation
do
{
System.out.print("Enter account type - (C)hecking or (S)avings: ");
acctType = scan.nextLine().toLowerCase().charAt(0);

if ( acctType != 's' && acctType != 'c' )
System.out.println("Invalid Response! ");

} while ( acctType != 's' && acctType != 'c' );

//Get minimum balance for account type

System.out.print("Enter minimum balance for account type: ");
minBal = scan.nextDouble();

//Get account balance

System.out.print("Enter account balance: ");
currBal = scan.nextDouble();

//Check if any fees apply

if (currBal < minBal)
{
if (acctType == 's')
newBal = currBal - FEE_SAVINGS; //Savings low balance fee
else
newBal = currBal - FEE_CHECK; //Checking low balance fee
}
else //Apply interest rates
{
if (acctType == 's')
newBal = (currBal * SAV_INT) + currBal;

else //Handle Checking interest 2 tiers

if (currBal >= minBal && currBal <= (minBal + 5000)) //Check range of balance
newBal = (currBal * CHK_INT1) + currBal;
else
newBal = (currBal * CHK_INT2) + currBal;
} //end else

//Print Results

System.out.println("Account Number: " + acctNum);
System.out.println("Account Type: " + acctType);
System.out.println("Current Balance: " + currBal);
System.out.println("New Balance: " + newBal);

int f=1;
do{
   if (currBal >= minBal && currBal <= (minBal + 5000)){ //Check range of balance
       interest=(newBal*CHK_INT1);
       newBal = interest + newBal;
   }
   else{
       interest=(newBal*CHK_INT2);
   newBal = interest + newBal;
   }
     
   System.out.println("Account Number: " + acctNum);
   System.out.println("Account Type: " + acctType);
   System.out.println("Inerest for one month: "+interest);
   System.out.println("New Balance: " + newBal);
   System.out.println("Do you want see for next month 1.for yes 2.for No: ");
   f=scan.nextInt();
}while(f!=2);

} //main
}

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