Question: visual Basic 20. Suppose a fixed amount of money is deposited at the beginning of each month into ings account paying 6% interest compounded monthly.

visual Basic 20. Suppose a fixed amount of money is deposited

visual Basic

20. Suppose a fixed amount of money is deposited at the beginning of each month into ings account paying 6% interest compounded monthly. After each deposit is made, [new balance) = 1.005 * Iprevious balance one month ago] + [fixed amount). Write a program that requests the fixed amount of the deposits as input and displays the balance after each of the first four deposits. Shown below is the outcome when 1000 is typed into the text box for the amount deposited each month. Month 1: $1,000.00 Month 2: $2,005.00 Month 3: $3,015.03 030 10

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