(Visual Basic) SAVINGS ACCOUNT The following steps calculate the balance at the end of three years when $100 is deposited at the beginning of each year in a savings account at 5% interest compounded annually:

1. Declare the variable balance as type Decimal.

2. Assign the value 100 to the variable balance.

3. Increase the value of variable balance by 5% of its value, and add 100. (5% = 0.05D)

4. Increase the value of variable balance by 5% of its value, and add 100.

5. Increase the value of variable balance by 5% of its value.

6. Display the value of balance (rounded to two decimal places) in a list box.