Question: IS 340 Write an algorithm (as if you are writing on PAPER) to settle the following question: A bank account starts out with $10,000. Interest

IS 340

Write an algorithm (as if you are writing on PAPER) to settle the following question: A bank account starts out with $10,000. Interest is compounded monthly at 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 Every month $500 is withdrawn to meet college expenses.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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