Question: (Financial application: calculate future investment value) Write a program that reads in an investment amount, the annual interest rate, and the number of years, and
(Financial application: calculate future investment value) Write a program that reads in an investment amount, the annual interest rate, and the number of years, and displays the future investment value using the following formulas:
monthlyInterestRate = annualInterestRate / 1200
numOfYears =numOfYears * 12
futureInvestmentValue = investmentAmount * (1 + monthlyInterestRate) n
umberOfMonths For example, if you enter the amount 1000, an annual interest rate of 4.25%, and the number of years as 1, the future investment value is 1043.33.
must be done in python
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
