You have a rich uncle who has peacefully passed away in his sleep. In his will you have been named to receive $100,000. Assuming you have good lawyers and accountants, you are able to legally avoid all taxes associated with this windfall and the funds are immediately deposited to an investment account in the Bahamas that earns 1.0% interest that is compounded every month. Write a Python program using a while loop that will calculate how many months will be needed for the balance of the account to reach $1,500,000 so that you may retire and just live on the interest for the rest of your life. Print a table showing the balance in each month until you reach your goal. Your output should look similar to this (the values in this example may not be correct, only the format is correct)

Answer rating: 100% (QA)

Heres a Python program that calculates how many months will be needed for the balance of the account ... View the full answer