An Individual Retirement Account (IRA) is a special bank / brokerage account that a person can use to save money for retirement. An individual can put up to $5,500 per year tax free and the money grows tax free until the person is ready to retire. The tax rules related to IRAs are complex, but for this assignment, well assume that the person puts in the same amount of money every year (up to $5,500) and the money grows at a constant interest rate.

Write a Flowgorithm program that asks the user to input an annual IRA contribution (in dollars), and interest rate (percent), and a time period (years). Calculate the value of the IRA every year for the duration of the time period provided by the user. Be sure and provide user friendly prompts Note: please provide answer in Flowgorithm

Example of program:

Enter # of Years for IRA Enter interest rate 4 Enter annual contribution 2000 Year: 1 Total: $2080.00 Year: 2 Total: $4243.20 Year: 3 Total: $6492.93 Year: 4 Total: $8832.65 Year: 5 Total: $11265.95