Computers and Technology, 06.05.2020 03:04 dianelys3083p5spb5

Write a java program that reads a bank saving account balance and an interest rate and give the output of the account in 5 years and show the amount of the composited account of (1) first yearly, the interest is added once per year at the end of the year. (2) When monthly,

the interest is added 12 times per year, for example if the rate is 8 annually, monthly will be 8/12 and (3) When daily, the interest is added 365 times per year, so if the rate is 8 annually, daily will be 8/365. You do not have to worry about leap years; assume

that all years have 365 days

Your program should have also an outer loop that allows the user to run it again for a new balance and interest rate. The program should be ask the user (“do you want to run it again, enter y/yes for yes or n/no for no ”)

Enter balance from the keyboard
Enter interest from the keyboard
Calculate the composite the value of the composited amount
Yearly the loop should run 5 times
Monthly the loop should run 60 times (512)
Daily the loop should run 1825 ( 5365)
Hint

Formula

balance = balance + (interestRate/100) * balance

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Write a java program that reads a bank saving account balance and an interest rate and give the outp...

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