The future value of an investment is how much it will be worth at some time...

 

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The future value of an investment is how much it will be worth at some time in the future assuming a constant growth rate. The future value formula below can be used to compute how much an investment will be worth after compounding so many years given the present value, interest rate, and number of years. The second formula can be used to calculate the total return over so many years. Future Value = Present Value x [(1 + Interest Rate) Number of Years Then total return can be calculated by Total Return= Future Value -Present Value For example, if Alice invests $1000 with an interest rate of 5%, after 10 years her investment will be: Future Value = 1000 x [(1 + 0.05) ¹] = 1,628.89 dollars. Total Return= 1,628.89-1000-628.89 dollars Note that the interest rate 5% is written as a decimal 0.05. For this Independent Programming assignment, you will get to write a Python program that will calculate the future value of an investment given the investment amount, interest rate, and durations. Your program will do the following: • Prints a welcome message • Asks the user for the investment amount in dollars • Asks the user for the yearly interest rate (%) (Note: The program will allow fractional heights) • Ask the user for the investment duration in years • Calculates the future value • Calculates total return • Displays the future value and the total return on the screen. (Use the round function to round them to two decimal places.) Make sure your program has your name, the date, and program description at the top as comments as well as comments throughout as needed. The future value of an investment is how much it will be worth at some time in the future assuming a constant growth rate. The future value formula below can be used to compute how much an investment will be worth after compounding so many years given the present value, interest rate, and number of years. The second formula can be used to calculate the total return over so many years. Future Value = Present Value x [(1 + Interest Rate) Number of Years Then total return can be calculated by Total Return= Future Value -Present Value For example, if Alice invests $1000 with an interest rate of 5%, after 10 years her investment will be: Future Value = 1000 x [(1 + 0.05) ¹] = 1,628.89 dollars. Total Return= 1,628.89-1000-628.89 dollars Note that the interest rate 5% is written as a decimal 0.05. For this Independent Programming assignment, you will get to write a Python program that will calculate the future value of an investment given the investment amount, interest rate, and durations. Your program will do the following: • Prints a welcome message • Asks the user for the investment amount in dollars • Asks the user for the yearly interest rate (%) (Note: The program will allow fractional heights) • Ask the user for the investment duration in years • Calculates the future value • Calculates total return • Displays the future value and the total return on the screen. (Use the round function to round them to two decimal places.) Make sure your program has your name, the date, and program description at the top as comments as well as comments throughout as needed.

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Answer PROGRAM III This program read present value interest rate and duration from the user and calc... View the full answer