A bank account starts out with 10000. interest is, Ask an Expert

Engineering

prepare an algorithm to settle the following problem:

* 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 Every month, $500 is withdrawn to meet college expenses.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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Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M9115719

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