Question

Create a text file that contains the following information:

John Doe
2005
124.80
36

Note that the fist line represents the name of the client, the second line represents the year in which the client started an account with this insurance company. The third line represent the monthly payment for the insurance. The fourth line represents the number of months left in the insurance policy.

Write a C++ program that will read this file and will display the client’s name, the number of years for which this client has been with the company (assume the current year is 2023), and the remaining amount they must pay (monthly payments times number of months left).

Example, the input file above would produce the following output:

John Doe
Member for 18 years
Remaining Balance: $ 4492.80

Answer 1

To address the question, create a C++ program that reads client information from a text file and calculates the client's membership duration and remaining balance. You should use an ifstream to read the file and perform arithmetic to determine the years of membership and total remaining payment.

Step-by-step explanation:

Reading and Calculating Data from a Text File in C++

To answer your question, first you need to create a text file named, for example, client_info.txt, containing the specified details about the client. Next, you will write a C++ program that reads from this file and calculates the required information. Here is a simplified step-by-step program:

Open the text file using an ifstream object.

Read the client's name, the year they started the account, their monthly payment, and the number of months left in the policy.

Calculate the number of years the client has been with the company as the current year (2023) minus the year the account was started.

Multiply the monthly payment by the number of months left to get the remaining balance.

Display the client's name, the number of years they have been with the company, and the remaining balance.

The resulting output for the example you provided should look like:

John Doe
Member for 18 years
Remaining Balance: $ 4492.80