1. Pro Investment Sdn. Bhd. is running financial investment business. As a programmer at that company, you have been assigned to design and develop a Python program of Financial Investment System, which will assist customer in investment planning. You are required to draw a flowchart and develop a Python program based on the following conditions: Calculate how much money customer will have when he/she invest a given amount of money over a set number of years with a given interest rate. Request as user input how much money to invest and the yearly interest rate. It should call a calculateEarnings function by using the two inputs as the parameters named initialMoney and interestRate. Both user inputs should be accepted by the program in decimal numbers format. The calculateEarnings function should display the amount of money owned by the customer after 1 year, 10 years, 20 years, and 30 years, with each value on a new line. • The output should be precise to two decimal places. Calculate the total amount of money using compound interest, calculated yearly. The formula for this is as given below: total Money = initial amount * (1 + interest rate) number of years NOTE: 6% interest should be entered by user in percentage. But, must be entered as 0.06 for interest rate in the formula. Calculate and display how many years does it take for the money to be double the original. • The interface of the application is shown in FIGURE Q1.
1. Pro Investment Sdn. Bhd. is running financial investment business. As a programmer at that company, you have been assigned to design and develop a Python program of Financial Investment System, which will assist customer in investment planning. You are required to draw a flowchart and develop a Python program based on the following conditions: Calculate how much money customer will have when he/she invest a given amount of money over a set number of years with a given interest rate. Request as user input how much money to invest and the yearly interest rate. It should call a calculateEarnings function by using the two inputs as the parameters named initialMoney and interestRate. Both user inputs should be accepted by the program in decimal numbers format. The calculateEarnings function should display the amount of money owned by the customer after 1 year, 10 years, 20 years, and 30 years, with each value on a new line. • The output should be precise to two decimal places. Calculate the total amount of money using compound interest, calculated yearly. The formula for this is as given below: total Money = initial amount * (1 + interest rate) number of years NOTE: 6% interest should be entered by user in percentage. But, must be entered as 0.06 for interest rate in the formula. Calculate and display how many years does it take for the money to be double the original. • The interface of the application is shown in FIGURE Q1.
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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Please write in python language
Transcribed Image Text:1.
Pro Investment Sdn. Bhd. is running financial investment business. As a
programmer at that company, you have been assigned to design and develop a
Python program of Financial Investment System, which will assist customer in
investment planning. You are required to draw a flowchart and develop a Python
program based on the following conditions:
• Calculate how much money customer will have when he/she invest a given
amount of money over a set number of years with a given interest rate.
• Request as user input how much money to invest and the yearly interest
rate. It should call a calculateEarnings function by using the two inputs
as the parameters named initialMoney and interestRate. Both user
inputs should be accepted by the program in decimal numbers format.
The calculateEarnings function should display the amount of money
owned by the customer after 1 year, 10 years, 20 years, and 30 years, with
each value on a new line.
• The output should be precise to two decimal places.
• Calculate the total amount of money using compound interest, calculated
yearly. The formula for this is as given below:
total Money = initial amount * (1 + interest rate) number of years
NOTE: 6% interest should be entered by user in percentage. But, must be
entered as 0.06 for interest rate in the formula.
• Calculate and display how many years does it take for the money to be
double the original.
The interface of the application is shown in FIGURE Q1.
Transcribed Image Text:CAProgram Files (8OYMicrosoft Visual Studio\Shared Python37.4\python.exe
WELCOME TO PRO INVESTMENT
How much money do you want to invest ? : RM 100
what is the yearly interest rate (%) ? : 6
INVESTMENT
After 1 year
: RM 106.00
After 10 year : RM 2465.03
After 20 year
: RM 20617295.98
After 30 year
: RM 58509629510479.26
It will take about : 5 years for your investment to double up!
FIGURE Q1: Interface of the Financial Investment System
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