Write an algorithm

  • R1.13 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 Every month, $500 is withdrawn to meet college expenses.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?
    Use the Design Recipe to develop this algorithm.
  • R1.14 Consider the question in Exercise R1.13. Suppose the numbers ($10,000, 6 percent, $500) were user selectable. Are there values for which the algorithm you developed would not terminate? If so, change the algorithm to make sure it always terminates.

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