The billing department for the bank has asked for your team’s help. They want to develop a program that will determine the monthly charges for checking accounts. The following criteria is to be used:
Balance > = 100.00 will not be charged fees
Balance < 100.00 will be charged $9.95 monthly fee
Your team will use this as a learning opportunity to get experience with algorithm development and with using flowcharts and pseudocode. For the bank's system, you will develop the following:
•Flowchart showing the program processing flow
•Algorithm in pseudocode describing the steps the program will perform
Discuss your thoughts on the following:
•What are the advantages to using a flowchart for the solution?
•What are the advantages for using pseudocode?