Question: I need this code in PYTHON language Enter balance and interest rate (e.g., 3 for 3%): 1000, 3.5 The interest is 2.91667 (Financial application: compound

I need this code in PYTHON language

I need this code in PYTHON language Enter balance and interest rate

Enter balance and interest rate (e.g., 3 for 3%): 1000, 3.5 The interest is 2.91667 (Financial application: compound value) Suppose you save $100 each month into a savings account with an annual interest rate of 5%. Therefore, the monthly interest rate is 0.05/12 = 0.00417. After the first month, the value in the account becomes 100*(1 + 0.00417) = 100.417 After the second month, the value in the account becomes (100 + 100.417)*(1 + 0.00417) = 201.252 After the third month, the value in the account becomes (100 + 201.252) * (1 + 0.004 17) = 302.507 and so on. Write a program that prompts the user to enter a monthly saving amount and displays the account value after the sixth month. Here is a sample run of the program

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