Design a retirement planning calculator for Skulling Financial Services. Allow a user to enter anumber of working years remaining in the user’s career and the annual amount of money the usercan save. Assume that the user earns 3 percent simple interest on savings annually. Programoutput is a schedule that lists each year number in retirement starting with year 0 and the user’ssavings at the start of that year. Assume that the user spends $60,000 per year in retirement andthen earns 3 percent interest on the remaining balance. End the list after 30 years, or when theuser’s balance is 0 or less, whichever comes first. create a solution algorithm using pseudocode create a flowchart using RAPTOR Design a retirement planning calculator for Skulling Financial Services. Allow a user to enter anumber of working years remaining in the user's career and the annual amount of money the usercan save. Assume that the user earns 3 percent simple interest on savings annually. Programoutput is a schedule that lists each year number in retirement starting with year 0 and the user'ssavings at the start of that year. Assume that the user spends $60,000 per year in retirement andthen earns 3 percent interest on the remaining balance. End the list after 30 years, or when theuser's balance is 0 or less, whichever comes first.For this homework assignment you need to:create a solution algorithm using pseudocodecreate a flowchart using RAPTOR

Answered: Design a retirement planning calculator…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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Design a retirement planning calculator for Skulling Financial Services. Allow a user to enter a
number of working years remaining in the user’s career and the annual amount of money the user
can save. Assume that the user earns 3 percent simple interest on savings annually. Program
output is a schedule that lists each year number in retirement starting with year 0 and the user’s
savings at the start of that year. Assume that the user spends $60,000 per year in retirement and
then earns 3 percent interest on the remaining balance. End the list after 30 years, or when the
user’s balance is 0 or less, whichever comes first.

create a solution algorithm using pseudocode
create a flowchart using RAPTOR

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