ello, Can someone please help me with this code. Its adding another line to each year.

Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
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Hello,
Can someone please help me with this code. Its adding another line to each year.
Thank you for your assistance

 

 

# title
print("Investment Report")
print()
# get numbers from the user about the investment
starting_balance = float(input("Enter the investment amount: $"))
years = int(input("Enter the number of years: "))
rate = int(input("Enter the interest rate as a %: "))
interest = 0
total_interest = 0.0
# convert the rate to a decimal number
rate = rate / 100
# format the headings of our report
print("=" * 70)
print("{:5} {:>20} {:>20} {:>20}".format("Year", "Starting balance", "Interest amount", "Ending balance"))
print("=" * 70)
# initialize the accumulator for the interest

# compute and display results for each year
for each_year in range(1, years+1):
print(each_year, end=" ")
print(starting_balance, end=" ")
interest = round((starting_balance*rate),2)
total_interest += interest
print(interest, end=" ")
starting_balance = round(starting_balance + interest,2)
print(starting_balance, end=" ")
print()
# calculate the interest starting balance*rate
# calculate the ending balance by adding the starting balance to interest
print("{:5} {:>20.2f} {:>20.2f} {:>20.2f}".format(each_year, starting_balance, interest, starting_balance+interest))
# replace the starting balance with the ending balance (using = sign)
# total_interest += interest amount (that I calculated earlier)

# Display the totals for the period
print("-" * 70)
print("Total balance ", "{:27.2f}".format(2850)) # you would replace the number with the ending balance variable
print("Total interest amount earned: ", "{:11.2f}".format(350)) # you would replace the number with the actual total interest calculated
print("-" * 70)

**Interest Calculation Table**

**User Input:**
- **Number of years:** 3
- **Interest rate:** 5%

| Year | Starting Balance | Interest Amount | Ending Balance |
|------|------------------|-----------------|----------------|
| 1    | 2500.00          | 125.00          | 2625.00        |
| 1    | 2625.00          | 125.00          | 2750.00        |
| 2    | 2625.00          | 131.25          | 2756.25        |
| 2    | 2756.25          | 131.25          | 2887.50        |
| 3    | 2756.25          | 137.81          | 2894.06        |
| 3    | 2894.06          | 137.81          | 3031.87        |

**Summary:**
- **Total Balance:** $2850.00
- **Total Interest Amount Earned:** $350.00

At the bottom, it states: "Process finished with exit code 0," indicating successful completion of the computation. 

This table illustrates the growth of an initial investment over three years, with interest accrued and added to the balance annually at a 5% rate.
Transcribed Image Text:**Interest Calculation Table** **User Input:** - **Number of years:** 3 - **Interest rate:** 5% | Year | Starting Balance | Interest Amount | Ending Balance | |------|------------------|-----------------|----------------| | 1 | 2500.00 | 125.00 | 2625.00 | | 1 | 2625.00 | 125.00 | 2750.00 | | 2 | 2625.00 | 131.25 | 2756.25 | | 2 | 2756.25 | 131.25 | 2887.50 | | 3 | 2756.25 | 137.81 | 2894.06 | | 3 | 2894.06 | 137.81 | 3031.87 | **Summary:** - **Total Balance:** $2850.00 - **Total Interest Amount Earned:** $350.00 At the bottom, it states: "Process finished with exit code 0," indicating successful completion of the computation. This table illustrates the growth of an initial investment over three years, with interest accrued and added to the balance annually at a 5% rate.
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