Write a C++ program that reads and processes a loan-applicationfile myfile.dat .

Question

Write a C++ program that reads and processes a loan-applicationfile myfile.dat. Each record (line) ofthe file contains an application number (nine digits) and a desiredloan amount (dollars and cents). One record exists for eachapplication.

Your program is to read the input file and produce aloan-deposit report written to an output file (you choose itslocation and name). The report shall display a line for eachapplication, each line containing the application number, thedesired loan amount, and the required deposit. Display at thebottom of the report the average deposit required. The amount ofthe deposit shall be calculated according to the followingtable.

LoanRequest                          Required Deposit

Less than    $25,000.00          5% of loan request

$25,000.00 - $49,999.99        $1,250.00 + 10%of loan request over $25,000.00

$50,000.00 -$99,999.99        $5,000.00 + 25% of loan request over $50,000.00

$100,000 ormore                   The loan cannot be approved

Use a separate function to compute the required deposit.

Explanation / Answer

please rate - thanks sorry it's late-I've been busy and it got lost in my bookmarks #include #include using namespace std; double loan(double); int main() {int num; double amt,dep; ifstream in; ofstream out; in.open("myfile.dat");        if(in.fail())               { coutamt;       dep=loan(amt);       if(dep

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