Assignment:
Assume you have a bank account that compounds interest on a yearly base. In other words, if you deposit 100 dollars for two years at 4 percent interest, at the end of one year you will have $104 . At the end of two years, you will have the 104 dollars plus 4 percent of that, or $108.16. Create the logic for a program that would (1) read the records contraining a deposit amount, a term in years, and an interest rate (2) for each record, print the running total balance for each year of the term. I need help designing the output for this program; I need help with creating a print chart or sample output, pseudocode, and flow chart.
Provide complete and step by step solution for the question and show calculations and use formulas.