Write a fuunction that computes future investment value

Assignment Help Python Programming

Reference no: EM132095148

Please Complete using python 3

Lab : Computing Future Investment Value

Problem Description:

Write a fuunction that computes future investment value at a given interest rate for a specified number of years. The future investment is determined using the following formula:

futureInvestmentValue =

investmentAmount x (1 + monthlyInterestRate)numberOfYears*12

Use the following function header:

def futureInvestmentValue(investmentAmount, monthlyInterestRate, years)

For example, futureInvestmentValue(10000, 0.05/12, 5) returns 12833.59.

Write a test program that prompts the user to enter the investment amount (e.g., 1000) and the interest rate (e.g., 9%) and prints a table that displays future value for the years from 1 to 30, as shown below:

The amount invested: 1000

Annual interest rate: 9%

Years Future Value

1 1093.80

2 1196.41

...

29 13467.25

30 14730.57

Reference no: EM132095148

Questions Cloud

Write the code and create the requisite submission files : Display the menu and then execute the user's choice. Keep displaying the menu (and executing the user's choice) until the user chooses Option 5.

Describe in one sentence what this code does : Describe in one sentence what this code does. Assume that $a0 and $a1 are used for input and both initially contain the integers a and b, respectively.

Describe your actions as the manager : Describe your actions as the Manager, and how you would manage the project team's stress levels? but meeting the required dates.

Complete an annotated bibliography : Complete an annotated bibliography containing 5-7 annotations (minimum of 150 words for each annotation) that are relevant and support

Write a fuunction that computes future investment value : Write a fuunction that computes future investment value at a given interest rate for a specified number of years.

What hyperterminal settings should you use : What are the requirements for using a VTY (virtual terminal) connection to a Cisco device?

Upsetting about the interview with jack abramoff : What was most surprising/ shocking/ enlightening/ upsetting about the interview with Jack Abramoff? Please provide the answer in detail.

What color would be associated with the hex value : Please indicate the UTF-8 (ASCII) value associated with the decimal value 66. What color would be associated with the hex value #FFFF00?

Project management network diagrams : Find an interesting article or video on any of the following topics: approaches to project evaluation

User Account

All Pages