Homework 6

From the book, p. 875 q. 9.

Skills needed to complete this assignment:

Banks have many different types of accounts often with different rules for fees associated with transactions such as withdrawals. Customers are allowed to transfer funds between accounts incurring the appropriate fees associated with withdrawal of funds from one account.

Write a program with a base class for a bank account and two derived classes (as described below) representing accounts with different rules for withdrawing funds. Also write a function that transfers funds from one account (of any type) to another. A transfer is a withdrawal from one account and a deposit into the other. Since the transfer can be done at any time with any type of account the withdraw function in the classes must be virtual. The transfer function utlizes polymorphism in order to transfer funds between any subclass of BankAccount. So the transfer function should receive BankAccount pointers as the “from” and “to” bank accounts.

Write a main function that creates two accounts (one from MoneyMarketAccount and one from CDAccount) and tests the transfer function.

For the classes, create a base class called BankAccount that has the name of the owner of the account (a string) and the balance in the account (a double) as data members. Include member functions deposit and withdraw (each with a double for the amount as an argument) and accessor functions getName and getBalance. deposit will add the amount to the balance (assuming the deposit amount is nonnegative) and withdraw will subtract the amount from the balance (assuming the withdraw amount is nonnegative and less than or equal to the balance).

Also create a class called MoneyMarketAccount that is derived from BankAccount. In a MoneyMarketAccount the user gets 2 free withdrawals in a given period of time (don’t worry about the time; just allow a maximum of 2 free withdrawals ever). After the free withdrawals have been used, a withdrawal fee of $1.50 is deducted from the balance per withdrawal. Hence, the class must have a data member to keep track of the number of withdrawals. It also must override the withdraw definition.

Finally, create a CDAccount class (to model a Certificate of Deposit) derived from BankAccount which in addition to having the name and balance, also has an interest rate. CDs incur penalties for early withdrawal of funds. Assume that a withdrawal of funds (any amount) incurs a penalty of 25% of the annual interest earned on the account (just assume that the annual interest is equal to the interest rate times the current balance). Assume the amount withdrawn plus the penalty are deduced from the account balance. Again, the withdraw function must override the one in the base class.

For all three classes, the withdraw function should return a bool indicating the status (false if amount is negative (that’s really a deposit) or insufficient funds for the withdrawal to take place). The deposit function should return a bool as well; deposit should return false if the amount to deposit is negative (that’s really a withdraw). The point of the bool return values is to indicate success or failure, because these functions may refuse to actually withdraw or deposit if conditions aren’t right (we don’t want to allow users of the bank account classes to get away with making a withdraw look like a deposit or vice versa). For the purposes of this exercise, do not worry about other functions and properties of these accounts (such as when and how interest is paid).

A strategy for finishing this assignment is to work on the BankAccount and MoneyMarketAccount classes first. Then, when those are working, add the CDAccount class.

Here is a diagram of the classes.

Bank Account UML diagram

Note, if you want balance not to be public in the BankAccount class then you’ll actually need to make it protected. This ensures that it will be accessible by subclasses but remain private in the subclasses.

Example execution

Enter Josh's MoneyMarketAccount balance: 100
Enter amount to withdraw from Josh: 20
That worked.
Josh's new balance: 80
Enter amount to withdraw from Josh (again): 30
That worked.
Josh's new balance: 50
Enter Tracy's CDAccount balance: 50
Enter Tracy's CDAccount interest rate: 0.5
Enter amount to deposit into Tracy's account: 30
That worked.
Tracy's new balance: 80
Enter amount to transfer from Tracy to Josh: 60
That worked.
Tracy's new balance: 10
Josh's new balance: 110
Enter amount to transfer from Josh to Tracy: 100
That worked.
Tracy's new balance: 110
Josh's new balance: 8.5

Common compiler errors

/tmp/ccJDhhaM.o: In function `BankAccount::BankAccount()':
CDAccount.cpp:(.text._ZN11BankAccountC2Ev[_ZN11BankAccountC5Ev]+0x13):
undefined reference to `vtable for BankAccount'
/tmp/ccJDhhaM.o: In function `BankAccount::~BankAccount()':
CDAccount.cpp:(.text._ZN11BankAccountD2Ev[_ZN11BankAccountD5Ev]+0x13):
undefined reference to `vtable for BankAccount'

This means you have virtual bool withdraw(double amount) or similar in BankAccount.h but you forgot to add = 0 at the end of that. We need the = 0 so that withdraw() is a “pure virtual” function.

main.cpp: In function `int main()':
main.cpp:48:50: error: cannot allocate an object of abstract type `CDAccount'
CDAccount.h:6:7: note: 
  because the following virtual functions are pure within `CDAccount':
BankAccount.h:13:18: note: virtual bool BankAccount::withdraw(double)
main.cpp:48:15: error:
  cannot declare variable `acct2' to be of abstract type `CDAccount'
CDAccount.h:6:7: note: since type `CDAccount' has pure virtual functions

This means you forgot to provide the code for a pure virtual function (such as withdraw() or deposit()) in one of your subclasses.

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