Another functionality for the app is the ability to estimate the return on investment over a period of time. In order to implement this feature, you will have to update the investment calculator algorithm.The base function to calculate the return on investment from Task 1 can be reutilized here to simplify our task. This feature will take into consideration a 12-month period by default.To calculate the total amount earned over a period of time, you will have to loop through the n-months period, increase the amount for each period. The other rules from the previous task apply here as well.For example: If you invest $3 million on the first month, and obtain a return of $93,000 dollars, then the amount to be invested in the second month is $3.093 million.To summarize:Loop over a period of 12 months to calculate the total for each periodReturn the accumulated estimated value for a period of 12 months vestment functionSRcalculate_gains.py X calculate_gains_ov... X+1 The following base code is given for you.2 def calculate_gains_over_time (amount_inv=0.0, period=12):345678910111213141516171819202122232425262728%|| || ||5Calculating the return gains of a given amount invested based on a period of appl:param amount_inv: the money amount invested:param period: application period:return:amount# calculate the first period before entering the loop# call the base calculate_gains` function to estimate the gains for the first pei#loop through the specified period to calculate the gain of each month.# 1 to period-1 because the first period gains is already calculated above# call the function to update the value based on the period inside the loop a# return the final ammountreturn new amountG Search or type URLTnew_amount = total_amount # update the new_amount variableSBN=9780357421802&id=15264176... ☆AMacBook Pro6Y&7U*Tp Paused8(9O)Q Search this coursFP0+—11O}B nvestment function$R67891011121314151617181920calculate_gains.py X calculate_gains_ov... X +:param period: application period:return:%5# call the base calculate_gains` function to estimate the gains for the first# calculate the first period before entering the loopamount2122232425262728293031 print (calculate_gains_over_time (amount_inv=4000000, period=12))32#loop through the specified period to calculate the gain of each month# 1 to period-1 because the first period gains is already calculated above# call the function to update the value based on the period inside the loopTnew_amount = total amount # update the new_amount` variableI# return the final ammountreturn new_amount↓G Search or type URLMacBook Pro6Y&7U* CO8190O). OQ Search thPA3+11T

Answered: Another functionality for the app is…

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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Another functionality for the app is the ability to estimate the return on investment over a period of time. In order to implement this feature, you will have to update the investment calculator algorithm. The base function to calculate the return on investment from Task 1 can be reutilized here to simplify our task. This feature will take into consideration a 12-month period by default. To calculate the total amount earned over a period of time, you will have to loop through the n-months period, increase the amount for each period. The other rules from the previous task apply here as well. For example: If you invest $3 million on the first month, and obtain a return of $93,000 dollars, then the amount to be invested in the second month is $3.093 million. To summarize: Loop over a period of 12 months to calculate the total for each period Return the accumulated estimated value for a period of 12 months

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calculate_gains.py X calculate_gains_ov... X
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1 The following base code is given for you.
2 def calculate_gains_over_time (amount_inv=0.0, period=12):
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Calculating the return gains of a given amount invested based on a period of appl
:param amount_inv: the money amount invested
:param period: application period
:return:
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# calculate the first period before entering the loop
# call the base calculate_gains` function to estimate the gains for the first pe
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#loop through the specified period to calculate the gain of each month.
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# call the function to update the value based on the period inside the loop a
# return the final ammount
return new amount
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:param period: application period
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# call the base calculate_gains` function to estimate the gains for the first
# calculate the first period before entering the loop
amount
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#loop through the specified period to calculate the gain of each month
# 1 to period-1 because the first period gains is already calculated above
# call the function to update the value based on the period inside the loop
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# return the final ammount
return new_amount
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