I need to write a Java program to the apply periodic payments and interest on a loan in dollars and cents. Read all the input from the standard input stream and write all the output to the standard output stream. The first line of input is the amount of the loan in dollars and cents. The second line of input is the interest rate per period. It is not a percentage, but a decimal fraction. For purposes of this project the length of the period is immaterial; one can think of it as being being a month. The remaining lines lines consist of payments for each period as well as intersperced balance inqueries. For each payment the program computes the interest on the current balance, adds it to the balance, and then subtracts the payment from the balance. The interest for that period is the rate times the balance rounded (ROUND_HALF_UP) to the nearest penny. Each payment represents the passage of a single period of the loan. Each time the string "balance" (regardless of the case) appears in the input, the program prints the balance. If there are no balance inquiries, then the program has no output. For a positive balance print the word 'left' after the number, for negative balance print 'over', and for zero print 0.00 and nothing afterwards. Each payment, and not a balance inquiry, represents one period; no matter how many times the word "balance" appears; the number of loan periods does not change. Sample Input 100.00 0.01 balance BALANCE 10.00 20.00 Balance 100.00 balance Sample Output balance: 100.00 left balance: 100.00 left balance: 71.91 left balance: 27.37 over

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

Problem 1PE

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I need to write a Java program to the apply periodic payments and interest on a loan in dollars and cents. Read all the input from the standard input stream and write all the output to the standard output stream. The first line of input is the amount of the loan in dollars and cents. The second line of input is the interest rate per period. It is not a percentage, but a decimal fraction. For purposes of this project the length of the period is immaterial; one can think of it as being being a month. The remaining lines lines consist of payments for each period as well as intersperced balance inqueries. For each payment the program computes the interest on the current balance, adds it to the balance, and then subtracts the payment from the balance. The interest for that period is the rate times the balance rounded (ROUND_HALF_UP) to the nearest penny. Each payment represents the passage of a single period of the loan. Each time the string "balance" (regardless of the case) appears in the input, the program prints the balance. If there are no balance inquiries, then the program has no output. For a positive balance print the word 'left' after the number, for negative balance print 'over', and for zero print 0.00 and nothing afterwards. Each payment, and not a balance inquiry, represents one period; no matter how many times the word "balance" appears; the number of loan periods does not change. Sample Input 100.00 0.01 balance BALANCE 10.00 20.00 Balance 100.00 balance Sample Output balance: 100.00 left balance: 100.00 left balance: 71.91 left balance: 27.37 over

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