Chapter 1, Problem 14RE

Explanation of Solution

Values that will not make the algorithm terminate:

• If the initial balance is large enough and at the same time the rate of interest is also large enough.
• During the first month, the calculation of interest will exceed the monthly expenses, then account of the user will never be depleted and this will make the algorithm not to terminate.

Therefore, in order to the make the algorithm terminate in the proper way the following modification are required

Modified algorithm to estimate the number of years required to the account to deplete:

Step 1: Initialize the variables “year” and “month” to “0” and “balance” to “10000”.

Step2: Prompt the user to enter the value of “balance”, “interest rate” and” monthly expenses”.

Step 3: Validate using if the “balance * interest” is greater than the “monthly expenses”...