Hello can anyone please help? I am very new to java code and already am so confused. Here is my problem: To create this calculator, we will ask the user for 1) the current balance on their credit card and 2) the APR
(Annual Percentage Rate) of the card. To calculate the minimum payment, you will multiply the current
balance on the credit card (also called the amount owed) times APR and divide this number by 12 since there
are 12 months in a year. The formula is Amount Owed × APR ÷ 12 = Minimum Payment . The input APR is a
percent, so make sure the APR is in decimal form when you are doing the calculations. The Monthly
Percentage Rate is calculated by taking the decimal form of the APR and dividing it by 12 since there are 12
months in a year.
Below is an example run. The user input is in bold.
Sample run 1:
Amount owed: $2000
APR: 19.75
Monthly percentage rate: 1.64583
Minimum payment: $32.9167
Can anyone please code this explain and what their response it step by step?