2. Develop an algorithm for computing the month-by- month balance in your savings account. You can make one transaction—a deposit or a withdrawal—each month. Interest is added to the account at the beginning of each month. The monthly interest rate is the yearly percentage rate 7%.

3. Write a program that implements your algorithm from practice 2 above.

Program work for 12 months only and stop.

Sample output:

Would you like to make a deposit (d) or withdrawal (w)?

d

What is the amount?

450

Your current balance is 450.0

would you like to make a deposit (d) or withdrawal (w)?

w

Your current balance is 407.625

would you like to make a deposit (d) or withdrawal (w)?