Java program

Exercise 8.6 Savings Account Class: (on page 369 of your book) Create class SavingsAccount. Use a static variable annuallnterestRate to store the annual interest rate for all account holders. Each object of the class contains a private instance variable savingsBalance indicating the amount the saver currently has on deposit. Provide method calculateMonthlylnterest to calculate the monthly interest by multiplying the savingsBalance by annuallnterestRate divided by 12- this interest should be added to savingsBalance. Provide a static method setlnterestRate that sets the annuallnterestRate to a new value. There should also be a method setSavingsBalance to set the initial savings balance for a new saver or you can do it through a constructor