Interest is compounded monthly at 6 percent per year, Basic Computer Science

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Interest is compounded monthly at 6 percent per year

Write an algorithm to settle the following question:

* 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 Every month, $500 is withdrawn to meet college expenses.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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Basic Computer Science: Interest is compounded monthly at 6 percent per year

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Basic Computer Science: Interest is compounded monthly at 6 percent per year

Reference No:- TGS0115719

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Computer Science

Q : The difficulty in exhalation that an asthmatic experiences

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Request for Solution File

Ask an Expert for Answer!!

Basic Computer Science: Interest is compounded monthly at 6 percent per year

Reference No:- TGS0115719

Recent Questions Asked Basic Computer Science

Q : The difficulty in exhalation that an asthmatic experiences

Q : For a timesharing system with two disks

Q : Explain the outcome of the public policy

Q : Where does a dog get its energy to run food water sun air

Q : Interest is compounded monthly at 6 percent per year

Q : What is the probability that in a group of four smokers

Q : The term medical error as a descriptor

Q : Need a sphygmomanometer to determine low blood pressure

Q : Test the claim that the mean cotinine level of all smokers

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