Question: (Python) Financial application (compound value): Suppose you save $100 each month into a savings account with the annual interest rate 5%. So, the monthly interest

(Python) Financial application (compound value): Suppose you save $100 each month into a savings account with the annual interest rate 5%. So, the monthly interest rate is: 100(1+0.00417)=100.417

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 + 0.00417) = 302.507

Write a program that prompts the user to enter an amount (e.g., 100), the annual interest rate (e.g., 5), and the number of months (e.g., 6), and displays the amount in the savings account after the given month.

(Python) Financial application (compound value): Suppose you save $100 each month into

Python 3.6.4 Shell File Edit Shell Debug Options Window Help Python 3.6.4 (v3.6.4:d48eceb, Dec 19 2017, 06:04:45) MSC v.1900 32 bit (Intel)] on win32 Type "copyright", "credits" or "license0" for more information. ! TE RESTART: ClUserslShubalOneDrivelDocumentslShuba Rowan PythonlAA Rowan 2018 Spri ngl Week 61Class 2Financial application compound value.py Enter the amount to be saved for each month: 100 Enter the annual interest rate: 5 Enter the number of months: 4 Month Savings Amount 100.41666666666667 302.50695167824074 404.18406397690006 After the 4 th month, the account value is 404.18

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