A credit card company needs to calculate monthly interest and minimal payment for a card holder based on their balance from the previous month, and display the result in the monthly statement for the card holder.

The interest is calculated using the balance amount from the previous month * APR (annual percentage rate) / 12. E.g., if a card holder has $5000 balance from the previous month, and the APR for this credit card is 20%, the interest is calculated as: 5000 * 20 / 100 / 12 = 83.33

Thus the new balance of the current month will be the balance from the previous month plus the interest. In the example above, the new balance will be: 5000 + 83.33 = 5083.33

The minimal payment is calculated as 1% of the new balance this month. E.g., in the example above, the minimal payment is calculated as: 5083.33 * 1 / 100 = 50.83

Using JGrasp, write a program that take user input of their previous month balance and the APR of a credit card. Calculate the interest and the minimal payment for the current month, and display the summary in the form like below. (10 pts)

Sample format for the summary:

Previous balance: $5000

Interest amount: $83.33

Balance this month: $5083.33

Minimal payment this month: $50.83