Question: C + + : Problem 4 ( Savings Account Class ) Create a SavingsAccount class with the following specification public: SavingsAccount ( float ) ;

C++: Problem 4(Savings Account Class) Create a SavingsAccount class with the following specification public: SavingsAccount(float); //Constructor void Transaction(float); //Procedure float Total(float=0,int=0); //Savings Procedure float TotalRecursive(float=0,int=0); void toString(); //Output Properties private: float Withdraw(float); //Utility Procedure float Deposit(float); //Utility Procedure float Balance; //Property int FreqWithDraw; //Property int FreqDeposit; //Property 1) The constructor initilizes the balance if greater than 0 and sets the other properties to 0.2) If the transaction is greater than 0 then a Deposit is made else a Withdraw is made. 3) The balance is increased with a deposit but decreased if a Withdrawal. This assumes the Withdrawal is less than the balance. Cant have a negative balance. Tell the user that he is trying to make a withdrawal that exceeds his balance. 4) When a WithDrawal is made increment FreqWithDraw else if a Deposit is made increment FreqDeposit. 5) The toString procedure outputs all properties. 6) The total procedure tells you how much you will have in savings given the interest rate and the amount of time. Total(float savint,int time) returns Balance*(1+savint)^time. Utilize a for loop for this calculation. 7) See if you can write a recursive procedure that does the same thing as 6). Call it TotalRecursive. 8) Think of what follows as pseudocode. The random number generator below produces a number between 0 and 32,767. If you fashion a random number that will do the same then you will get positive and negative transactions (-500,500). The output simply calculates the current balance with a 10 percent interest rate and 7 years worth of compounding. Also, you tried to start out with a negative balance which should have been initialized to 0. Driver code SavingsAccount mine(-300); for(int i=1;i<=10;i++){ mine.Transaction((float)(rand()%500)*(rand()%3-1)); } mine.toString(); cout<<"Balance after 7 years given 10% interest ="<

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!