Reference no: EM131532826

GoBank has been asked to go back and reprocess the loan payments for a car loan of $18,875. The car loan is a 0% interest loan. The loan is for 60 months. The customer does not believe the bank has the correct outstanding balance for her loan ($12,500). The customer has copies of 20 payments made to the bank. A clerk makes a copy of the payments and enters them into a file.

To verify the banks total, read the file and fevelop a program using a CarLoan class that extends the BankAccount class (found on page 671 - 672 in the textbook).

The CarLoan class has the following features.

1) An overload constructor that initializes the car loan balance. (Hint: Uses super to set the balance.)

develop a CarLoanClient class that

1. Create CarLoan object (see CheckingAccountClient line 9 on page 667).
2. Read the file one payment at a time (Include exception handling code see example on page 755).
3. Use the payment read from the file to pass the information to method to calculate the outstanding balance. Hint: Use the withdrawal method.
4. Printout the payment number, payment amount and outstanding balance.
5. Continue to process for each payment until the end of the file.

Develop a text file with the following numbers.

Monthly Payment

315

451

315

374

353

315

450

484

412

315

495

476

321

315

406

329

326

356

315

325