Please write a Python script that will calculate the Interest on a savings account (to be compounded quarterly). The account will start with an initial amount, will have a fixed monthly deposit, and will have a fixed quarterly withdrawal (the withdrawal should happen after the interest is posted). The program should take as input:
1- What is the initial amount
2- What is the interest rate per year
3- What is the monthly deposit amount
4- What is the quarterly withdrawal amount
The program should then spit out a well formatted 60 month (5 years) running balance of the account, highlighting year-end balances. Assume everything starts in January 2017 and that everything is in US Dollars.
Please make your code as concise and short as possible, make absolutely sure it can run on PythonAnywhere, and be sure to document it well.
In addition to the program, write up a short document that explains your approach to solving this problem and an explanation of the concepts. It should consist of a 1 page outline, followed by an explanation of the general processes of the program itself.