In Java, The First National Bank of Parkville recently opened up a new “So You Want to Be a Millionaire” savings account. The new account works as follows: ● The bank doubles the customer’s balance every year until the customer’s balance reaches one million. ● The customer isn’t allowed to touch the money (no deposits or withdrawals) until the customer’s balance reaches one million. ● If the customer dies before becoming a millionaire, the bank keeps the customer’s balance. Note: Customers close to $1,000,000 tend to get “accidentally” run over in the bank’s parking lot. Write a program that prompts the user for a starting balance and then prints the number of years it takes to reach $100,000 and the number of years it takes to reach $1,000,000.  Sample session: Enter starting balance: 10000 It takes 4 years to reach $100,000. It takes 7 years to reach $1,000,000.

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
Question

In Java,

The First National Bank of Parkville recently opened up a new “So You Want to
Be a Millionaire” savings account. The new account works as follows:
● The bank doubles the customer’s balance every year until the customer’s
balance reaches one million.
● The customer isn’t allowed to touch the money (no deposits or
withdrawals) until the customer’s balance reaches one million.
● If the customer dies before becoming a millionaire, the bank keeps the
customer’s balance.
Note: Customers close to $1,000,000 tend to get “accidentally” run over in the
bank’s parking lot.
Write a program that prompts the user for a starting balance and then prints the
number of years it takes to reach $100,000 and the number of years it takes to
reach $1,000,000. 

Sample session:
Enter starting balance: 10000
It takes 4 years to reach $100,000.
It takes 7 years to reach $1,000,000.

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