re Investment Value = investment amount * (1 + monthly interest)^(number of years * 12) Using this formula, write a function in Python called futureValue that prompts the user to enter an investment amount, an annual percentage interest rate, and the amount of years. The function should accept the input as arguments. The interest rate should have a default value of 7%. You can add default values of your choice for the amount of years. This function should
re Investment Value = investment amount * (1 + monthly interest)^(number of years * 12) Using this formula, write a function in Python called futureValue that prompts the user to enter an investment amount, an annual percentage interest rate, and the amount of years. The function should accept the input as arguments. The interest rate should have a default value of 7%. You can add default values of your choice for the amount of years. This function should
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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Question
Future Investment Value = investment amount * (1 + monthly interest)^(number of years * 12)
Using this formula, write a function in Python called futureValue that prompts the user to enter an investment amount, an annual percentage interest rate, and the amount of years. The function should accept the input as arguments. The interest rate should have a default value of 7%. You can add default values of your choice for the amount of years. This function should print out a table that displays the future values. Demonstrate this function in another function called main. Format your output by two decimal places.
Output Example:
Enter the amount you want to invest: 1000 [Enter]
Enter the interest rate for your investment: [Enter]
Enter the number of years you want to invest this money: 30 [Enter]
Years Future Value
1 1093.81
2 1196.41
........
30 14730.58
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