Algorithm for a bank account
Course:- Data Structure & Algorithms
Reference No.:- EM1349788

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Assignment Help >> Data Structure & Algorithms

Q1) Write an algorithm to settle the following question:

i) A bank account starts out with $10,000. Interest is compounded monthly at 6 percent per year (0.5 percent per month). Every month, $500 is withdrawn to meet college expenses. After how many years is the account depleted?

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