Question: Must be in python Problem 2 Develop module interest.py with functions calculate_simple_interest , calculate_present_value , and calculate_compound_interest . Each function asks the user for the
Must be in python
Problem 2
Develop module interest.py with functions calculate_simple_interest, calculate_present_value, and calculate_compound_interest. Each function asks the user for the input required for the formula and returns the calculated value.
s = p * r * t
s = simple interest
p = principal
r = rate
t = term of loan
P= F(1+r)n
P = present_value
F = future_value
rate = annual interest rate
years = number_of_years
A=P(1+rn)nt
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
Write a program that lets the user select which calculation they want to use. Sample input/output might be as follows.
Which calculation do you want to perform?
Enter 1 for future value
Enter 2 for compound interest
Enter 3 for simple interest
Enter 1, 2, or 3: 1
Enter future value: 10000
Enter rate: .05
Enter number of years: 4
Present value $8,227.02
Do you wish to continue? yes/no: yes
Which calculation do you want to perform?
Enter 1 for future value
Enter 2 for compound interest
Enter 3 for simple interest
Enter 1, 2, or 3: 2
Enter initial principle: 10000
Enter interest rate: .05
Enter number of times interest applied: 12
Enter number of time periods: 4
Compound interest $12,208.95
Do you wish to continue? yes/no: yes
Which calculation do you want to perform?
Enter 1 for future value
Enter 2 for compound interest
Enter 3 for simple interest
Enter 1, 2, or 3: 3
Enter principal: 10000
Enter interest rate: .05
Enter term of loan: 4
Simple interest $2,000.00
Do you wish to continue? yes/no: no
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