[NEW SOLN] PRG 410 WEEK 4 INDIVIDUAL ASSIGNMENT SAVING ACCOUNT PROGRAM

[SOLVED] PRG 410 WEEK 4 INDIVIDUAL ASSIGNMENT SAVING ACCOUNT PROGRAM: You are now working for a bank, and one of your first projects consists of developing an application to manage savings accounts.

[SOLVED] PRG 410 WEEK 4 INDIVIDUAL ASSIGNMENT SAVING ACCOUNT PROGRAM: Create a C++ program that does the following:

Creates a SavingsAccount class
Uses a static data member, annualInterestRate, to store the annual interest rate for each of the savers
Ensures each member of the class contains a private data member, savingsBalance, indicating the amount the saver currently has on deposit
Develops a member function, calculateMonthlyInterest, to calculate the monthly interest by multiplying the savingsBalance by annualInterestRatedivided by 12; this interest should then be added to savingsBalance
Develops a static member function, modifyInterestRate, that sets the static annualInterestRate to a new value
Instantiates two different objects of class SavingsAccount, Firstsaver and Secondsaver, with balances of $1000.00 and $2000.00, respectively; set the annualInterestRate to 2 percent
Calculates the monthly interest and prints the new balances for each of the savers
Sets the annualInterestRate to 3 percent, calculates the next month’s interest, and prints the new balances for each of the savers

[SOLVED] PRG 410 WEEK 4 INDIVIDUAL ASSIGNMENT SAVING ACCOUNT PROGRAM: Include the proper header and make sure you properly comment your program. Also, make sure you use proper coding conventions.

Compress all your Microsoft^® Visual Studio^® source code files from the consoleapplication folder into a ZIP file.

Submit your assignment to the Assignment Files tab.