My Credit Card Company has a file that called BeginningBalan

My Credit Card Company has a file that called “BeginningBalance.dat” which contains the following information: • Customer number->integer • Beginning Balance->double • Purchases->double • Payments->double  

The company charges 1% of the beginning balance for finance charges. Write a Java program that does the following:   • Read in the file, calculates the finance charge per customer • Display all information to the monitor including finance charge and outstanding balance • Creates an output file called “NewBalance.dat” that contains customer number and new balance.

Solution

Hi,

Below is a java program based on your requirements:

Sample Input File is as under:

Please note the following points while creatiing input file

Sample Console Output is as under

Customer No
123

Customer No
1,000,000.00

Purchases
Furniture --> 20,000.23
Computer Hardware --> 45,000.00

Payments
Electricity --> 6,000.00
Employee Wages --> 30,000.00

Finance Charges
10,000.00

Outstanding Balance
888,999.77

------------------

Customer No
456

Customer No
200,000.00

Purchases
Furniture --> 30,000.00
Computer Hardware --> 4,000.56

Payments
Electricity --> 26,000.00
Employee Wages --> 90,000.00

Finance Charges
2,000.00

Outstanding Balance
47,999.44

------------------

Also, the file NewBalance.dat is created. A Sample of that file is as under:

Below is the java program for the same: