Airgead Banking App Functional Requirements 1. Airgead Banking wants a screen to display with the following information: Initial Investment Amount: The starting amount of your investment (a positive real number) Monthly Deposit: The amount you plan to contribute to the growth of your investment each month (a positive real number) Annual Interest (Compounded): Interest that is added to the principal sum of your investment and its previously accumulated interest interest on interest and principal) Number of Years: The number of years your investment has to grow A way to see the data (for example: "Press any key to continue.") It should look something like the images below, with the ability to accept input. The first image shows what the user should see, and the second image shows the user's values. *** Data Input Initial Investment Amount: Monthly Deposit: Annual Interest: Number of years: Press any key to continue *** ****** **** Data Input Initial Investment Amount: $1.00 Monthly Deposit: $50.00 Annual Interest: %5 Number of years: 5 Press any key to continue AIRGEAD BANKING 2. When the user continues, the console should display two static reports. One should show the year-end balances and year-end earned interest if no additional monthly deposits are made. The second should show the year-end balances and year-end earned interest based on the monthly deposit value that was input by the user ($50.00 in this example). The following is an example of what your interface might look like. It is in no way representative of what it must look like. Be creative and keep the user experience in mind when designing your solution. Balance and Interest Without Additional Monthly Deposits Year Year End Balance Year End Earned Interest ============ 1 $1.05 $0.95 2 $1.10 $0.05 3 $1.16 $0.06 4 $1.22 $0.06 5 $1.28 $0.06 Balance and Interest With Additional Monthly Deposits Year Year End Balance Year End Earned Interest 1 $617.55 $16.55 2 $1265.65 $48.10 3 $1946.90 $81.25 $2663.01 $116.11 $3415.76 $152.75 3. The user should be able to test different monthly deposit amounts, interest rates, and lengths of time to see how increases and decreases impact their investment growth. AIRGEAD La line BANKING 4. Your code will need to account for the following: a. Month: The number of months based on user input in the "Number of Years" field b. Opening Amount: The initial investment amount as well as the opening balance each month, which includes interest C. Deposited Amount: The dollar amount the user plans to deposit each month. This value will be the same every month for the duration of the investment d. Total: The sum of the opening and deposited amounts e. Interest: Money earned based on the "annual interest" rate input by the user. The interest based on an opening amount of $1 and a deposited amount of $50 with an interest rate of 5% compounded monthly is: (Opening Amount + Deposited Amount) * ((Interest Rate/100)/12) OR (1 +50) * ((5/100)/12) Note: Dividing by 100 converts the interest rate percentage to a decimal. Note: 12 is the number of months in a year. Dividing the yearly amount by twelve gives monthly compounded interest. f. Closing Balance: The sum of the total and interest amounts You are asked to collaborate with Airgead Banking, one of Chada Tech's clients. Airgead Banking is well known in the community. They often sponsor schools and have recently decided to partner with the local high school to develop a program that will teach students the concepts of fiscal responsibility (such as living within their means and spending less than they make) via an interactive system. The initial focus for this project will be on investing and the power of compound interest. You will develop an application that allows users to see how their investments will grow over time. Airgead Banking has provided you with a list of functional requirements that describe what they need their application to do. Directions 1. Review the Airgead Banking App Functional Requirements, located in the Supporting Materials section. Create pseudocode or a flowchart to plan your coding project. Outline your code step-by-step so that you can use it as a guide when coding. This will be submitted along with your zipped application. a. Do not write code yet. You will do that in Step 3. For this step, write your thoughts in English of what the program should do. b. Don't be concerned with syntax, just list statements, each describing a single action. c. List steps. d. Use proper naming conventions. e. Keep it simple-use only one statement per line. 2. Develop an object-oriented programming (OOP) application using secure and efficient C++ code. Make sure that your application: a. Meets all specifications listed in the Airgead Banking App Functional Requirements b. Follows best practices described in the Airgead Banking Standards document c. Includes in-line comments Airgead Banking App Functional Requirements 1. Airgead Banking wants a screen to display with the following information: Initial Investment Amount: The starting amount of your investment (a positive real number) Monthly Deposit: The amount you plan to contribute to the growth of your investment each month (a positive real number) Annual Interest (Compounded): Interest that is added to the principal sum of your investment and its previously accumulated interest interest on interest and principal) Number of Years: The number of years your investment has to grow A way to see the data (for example: "Press any key to continue.") It should look something like the images below, with the ability to accept input. The first image shows what the user should see, and the second image shows the user's values. *** Data Input Initial Investment Amount: Monthly Deposit: Annual Interest: Number of years: Press any key to continue *** ****** **** Data Input Initial Investment Amount: $1.00 Monthly Deposit: $50.00 Annual Interest: %5 Number of years: 5 Press any key to continue AIRGEAD BANKING 2. When the user continues, the console should display two static reports. One should show the year-end balances and year-end earned interest if no additional monthly deposits are made. The second should show the year-end balances and year-end earned interest based on the monthly deposit value that was input by the user ($50.00 in this example). The following is an example of what your interface might look like. It is in no way representative of what it must look like. Be creative and keep the user experience in mind when designing your solution. Balance and Interest Without Additional Monthly Deposits Year Year End Balance Year End Earned Interest ============ 1 $1.05 $0.95 2 $1.10 $0.05 3 $1.16 $0.06 4 $1.22 $0.06 5 $1.28 $0.06 Balance and Interest With Additional Monthly Deposits Year Year End Balance Year End Earned Interest 1 $617.55 $16.55 2 $1265.65 $48.10 3 $1946.90 $81.25 $2663.01 $116.11 $3415.76 $152.75 3. The user should be able to test different monthly deposit amounts, interest rates, and lengths of time to see how increases and decreases impact their investment growth. AIRGEAD La line BANKING 4. Your code will need to account for the following: a. Month: The number of months based on user input in the "Number of Years" field b. Opening Amount: The initial investment amount as well as the opening balance each month, which includes interest C. Deposited Amount: The dollar amount the user plans to deposit each month. This value will be the same every month for the duration of the investment d. Total: The sum of the opening and deposited amounts e. Interest: Money earned based on the "annual interest" rate input by the user. The interest based on an opening amount of $1 and a deposited amount of $50 with an interest rate of 5% compounded monthly is: (Opening Amount + Deposited Amount) * ((Interest Rate/100)/12) OR (1 +50) * ((5/100)/12) Note: Dividing by 100 converts the interest rate percentage to a decimal. Note: 12 is the number of months in a year. Dividing the yearly amount by twelve gives monthly compounded interest. f. Closing Balance: The sum of the total and interest amounts You are asked to collaborate with Airgead Banking, one of Chada Tech's clients. Airgead Banking is well known in the community. They often sponsor schools and have recently decided to partner with the local high school to develop a program that will teach students the concepts of fiscal responsibility (such as living within their means and spending less than they make) via an interactive system. The initial focus for this project will be on investing and the power of compound interest. You will develop an application that allows users to see how their investments will grow over time. Airgead Banking has provided you with a list of functional requirements that describe what they need their application to do. Directions 1. Review the Airgead Banking App Functional Requirements, located in the Supporting Materials section. Create pseudocode or a flowchart to plan your coding project. Outline your code step-by-step so that you can use it as a guide when coding. This will be submitted along with your zipped application. a. Do not write code yet. You will do that in Step 3. For this step, write your thoughts in English of what the program should do. b. Don't be concerned with syntax, just list statements, each describing a single action. c. List steps. d. Use proper naming conventions. e. Keep it simple-use only one statement per line. 2. Develop an object-oriented programming (OOP) application using secure and efficient C++ code. Make sure that your application: a. Meets all specifications listed in the Airgead Banking App Functional Requirements b. Follows best practices described in the Airgead Banking Standards document c. Includes in-line comments
