This program demonstrates the use of reading in user input functions, C++ Strings, Looping, simple math functions, and formatted printing of floating-point numbers. Unit 2: Programming Assignment -...

This program demonstrates the use of reading in user input functions, C++ Strings, Looping, simple math functions, and formatted printing of floating-point numbers.

Unit 2: Programming Assignment - Calculating Investment Balance

An online bank wants you to create a program that shows prospective customers how their deposits will grow. Your program should read in the initial balance and the annual interest rate. Interest is compounded monthly. Print out the balances for each month for12 months. Your program should use a loop. Here is a sample test run:

Initial balance:1000

Annual interest rate:6.0%

Month Balance

1 1005.00

2 1010.03

3 1015.08

...

12 ?????