The Some Interest Credit Company provides loans to customers at 1.5 percent interest per month. Design an application that gets customer account data that includes an account number, customer name, and balance due. For each customer, display the account number and name; then display the customer’s projected balance each month for the next 10 months.

Assume that when the balance reaches $10 or less, the customer can pay off the account. At the beginning of every month, 1.5 percent interest is added to the balance, and then the customer makes a payment equal to 5 percent of the current balance. Assume the customer makes no new purchases.

To design the application, you can follow these steps:

Step 1: Get customer account data
- Prompt the user to enter the account number, customer name, and balance due for each customer.
- Store this data in suitable variables or data structures.

Step 2: Display account number and name
- Iterate through the data for each customer.
- Display the account number and name for each customer.

Step 3: Calculate projected balance for the next 10 months
- For each customer, initialize variables for current balance and month count.
- Enter a loop that runs for 10 months or until the balance reaches $10 or less.
- Inside the loop, calculate the interest for the current month by multiplying the current balance by 1.5%.
- Add the interest to the current balance.
- Calculate the payment for the current month by multiplying the current balance by 5%.
- Subtract the payment from the current balance.
- Increment the month count.
- Display the month count and the updated current balance.

Step 4: Check for account payoff
- After the loop ends (either after 10 months or when the balance reaches $10 or less), check if the balance is $10 or less.
- If so, display a message indicating that the customer can pay off the account.

Step 5: Repeat for each customer
- Go back to Step 2 and repeat the process for each customer's account data.

This step-by-step approach allows you to gather the necessary data, calculate the projected balance for each month, and determine if the account can be paid off.

To design the application that calculates the projected balance for each customer over the next 10 months, you can follow these steps:

1. Start by creating a data structure to store customer account data. Each customer should have an account number, customer name, and balance due. You can use classes or objects to represent this data.

2. Prompt the user to enter the account number, customer name, and balance due for each customer. You can use a loop to collect this information for multiple customers.

3. Once you have collected the customer account data, calculate the projected balance for each customer for the next 10 months. Since the interest is added at the beginning of each month and the payment is made at the end of each month, you need to simulate this process for 10 months.

4. Initialize a variable to store the monthly interest rate, which is 1.5 percent per month. Convert the interest rate to a decimal value (0.015).

5. For each month (loop 10 times), perform the following calculations:
- Add the monthly interest to the balance: balance += (balance * interest_rate)
- Calculate the payment amount: payment = balance * 0.05
- Subtract the payment amount from the balance: balance -= payment
- If the balance is $10 or less, break out of the loop since the customer can pay off the account.

6. After performing the calculations for each month, display the account number, customer name, and the projected balance for each month.

Here's a simplified code example in Python:

```python
class Customer:
def __init__(self, account_number, name, balance):
self.account_number = account_number
self.name = name
self.balance = balance

customers = []

# Prompt the user to enter customer account data
for i in range(3): # Assuming 3 customers for example purposes
account_number = input("Enter account number: ")
name = input("Enter customer name: ")
balance = float(input("Enter balance due: "))
customers.append(Customer(account_number, name, balance))

interest_rate = 0.015

# Calculate projected balance for each customer for the next 10 months
for customer in customers:
print("Account number:", customer.account_number)
print("Customer name:", customer.name)
for month in range(10):
customer.balance += (customer.balance * interest_rate)
payment = customer.balance * 0.05
customer.balance -= payment
if customer.balance <= 10:
break
print("Month", month + 1, "balance:", customer.balance)
print()
```

This code will allow you to enter the account data for multiple customers and then display the projected balance for each month over the next 10 months, as per the requirements.