Tables for Simple Interest

CS 1063 Project 1: Tables for Simple InterestThe Tables ClassObjectivesThis is one of three major programming projects this semester. You may NOT collaborate on this project. While you may ask for assistance in debugging, this project should be ENTIRELY your own work.Other objectives include:Use static methods.Use local variables.Use arithmetic expressions.Use Scanner to input values.Use a class constant.Use for loops.Hand-in RequirementsAll projects and laboratories will be submitted electronically through Blackboard. Zip up your entire project directory to submit as the source. (Right click on the project folder and follow Send To > Compressed (zipped) Folder or 7-Zip > Add to “project1.zip”.) The project folder should in clude the following:Tables.javaTablesOutput.txtTasksWrite a program that printsProject 1 written by YOURNAMEand calls two methods:Print a table showing the value of an account with simple interest added annually. This method should ask the user to enter the original value of the account, the annual interest rate, and the number of years that should be calculated.Print a table showing the value of an account with simple interest added quarterly. This method also needs to ask the user to enter the original value of the account, the annual interest rate, and the number of years that should be calculated.Here is an example of what your output should look like (user input is in bold and underlined):Enter original amount: 1000Enter annual interest rate: 4Enter years: 5Year