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Create a flowchart for this scenario: 3. Jim's Years to Accumulate. Jim often counsels customers at his bank. He needs a computer program that will
Create a flowchart for this scenario:
3. Jim's Years to Accumulate. Jim often counsels customers at his bank. He needs a computer program that will calculate the number of years (Y) it will take to accumulate a specified future amount (S) of money based on a given initial deposit (D) and specified interest rate (R). Assume interest compounds annually. The number of years (Y) is the number of years required for the actual amount (A) to equal or exceed the specified future amount (S). Here is the variable legend: S= Specified Future Amount D= Initial Deposit R= Interest Rate (%) A= Actual Future Amount Y= Number of Years Use this formula to calculate A:A=D(1+R/100)Y The Actual Future Amount (A) is = an Initial Deposit (D) after (Y) years at a Rate (R) Draw a flowchart for an algorithm that will produce the answers. Your flowchart should input S, D, and R. The algorithm should output S, D, R, A, and Y. Use looping (i.e., repetition or iteration) in your program. In other words, your flowchart should continue looping until the actual balance (A) is equal to or greater than the specified (S) future amount. Note: There is a faster way to complete this problem that doesn't require looping. However, while it's cool if you can figure that out (it's basically just a matter of using the right formula), that is not the point of this taskStep by Step Solution
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