Answered step by step
Verified Expert Solution
Question
1 Approved Answer
C++ 18. Savings Account Balance Write a program that calculates the balance of a savings account at the end of a three month period. It
C++
18. Savings Account Balance Write a program that calculates the balance of a savings account at the end of a three month period. It should ask the user for the starting balance and the annual interest rate. A loop should then iterate once for every month in the period, performing the following A) Ask the user for the total amount deposited into the account during that month. Do not accept negative numbers. This amount should be added to the balance. Ask the user for the total amount withdrawn from the account during that month. Do not accept negative numbers or numbers greater than the balance after the deposits for the month have been added in. B) C) Calculate the interest for that month. The monthly interest rate is the annual interest rate divided by 12. Multiply the monthly interest rate by the average of that month's starting and ending balance to get the interest amount for the month. This amount should be added to the balance. After the last iteration, the program should display a final report that includes the follow ing information: . starting balance at the beginning of the three-month period. . total deposits made during the three months total withdrawals made during the three months . total interest posted to the account during the three months . final balance Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started