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# Bank Balance Calculator Program Assignment Answers Needed

Write a program using the while loop, called BankBalance, to calculate and display the annual year-end bank balance for customers. An example is shown below. The program asks three inputs from the customer: 1) the initial bank balance in double dollar amount e.g., (% 2021.21). 2) the annual interest rate in integer format (e.g., 2%). 3) the number of years that want to be displayed for the year-end balance c# Enter the innitial bank balance ≫1000 Enter the annual interest rate >5 Enter the number of year to display ≫6 Year 1: \$1,050.00 Year 2: \$1,102.50 Year 3: \$1,157.63 Year 4: \$1,215.51 Year 5: \$1,276.28 Year 6: \$1,340.10

# Step By Step Answers with Explanation

{

// Prompt the user for initial bank balance

double annualInterestRate = Convert.ToDouble(Console.ReadLine()) / 100; // Convert to decimal

// Prompt the user for the number of years

while (year <= numberOfYears)

{

// Update the initial balance for the next year

initialBalance = yearEndBalance;

}

How It Works