I need help creating a java program that will calculate how long it will take to pay off the credit card balance if: pay just the minimum payment pay at least twice the minimum payment pay at least the minimum + entered in dollar amount Here are my notes:  The minimum payment amount is calculated as 2% of the current balance amount The current balance if calculated by...             current balance = current balance - amount paid that month + finance charge The user must be able to choose from a menu which of the above they are going to do or they are done The user can choose as many time as they want from the menu. The program must output the number of years and months that it will take to pay off the debt The program must output the total of the finance charges the user paid The user can enter in the interest paid a decimal number (whole number changed to a percentage) Prompt the user to choose within a menu to choose: to pay minimum, pay at least twice the minimum, or the minimum + an entered number

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
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I need help creating a java program that will calculate how long it will take to pay off the credit card balance if:

  • pay just the minimum payment
  • pay at least twice the minimum payment
  • pay at least the minimum + entered in dollar amount

Here are my notes: 

  1. The minimum payment amount is calculated as 2% of the current balance amount
  2. The current balance if calculated by...
                current balance = current balance - amount paid that month + finance charge
  3. The user must be able to choose from a menu which of the above they are going to do or they are done
  4. The user can choose as many time as they want from the menu.
  5. The program must output the number of years and months that it will take to pay off the debt
  6. The program must output the total of the finance charges the user paid
  7. The user can enter in the interest paid a decimal number (whole number changed to a percentage)
  8. Prompt the user to choose within a menu to choose: to pay minimum, pay at least twice the minimum, or the minimum + an entered number
 
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