Question: Please help me slove this problem by using Python You have been engaged by a small local financial planning firm to create a program that

Please help me slove this problem by using Python

Please help me slove this problem by using Python You have been

You have been engaged by a small local financial planning firm to create a program that will allow financial planners to work with clients to determine an appropriate amount of term life insurance. The following steps provide a method for determining the amount: Follow this general philosophy to find your own target coverage amount: financial obligations minus liquid assets. Step 1: Add up the following items to calculate your financial obligations: Your annual salary multiplied by the number of years you want to replace that income. Your mortgage balance. Any other debts. Any future needs such as college fees and funeral costs. The cost to replace services that a stay-at-home parent provides, such as childcare, if applicable. Step 2: From that total, subtract liquid assets, such as savings, existing college funds and current life insurance policies. The number you're left with is the amount of life insurance you need. Rei Your program must prompt the user for each piece of required information, perform the required calculation, and display the result to the user. The resulting dollar figure must be formatted in the output with a dollar sign, comma separator (if required), and cents displayed to 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!