Suppose you have an investment plan where you invest a certain fixed amount every year. Modify futval.py to compute the total accumulation of your investment. The inputs to the program will be the amount to invest each year, the interest rate, and the number of years for the investment.

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
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2.9. Exercises
55
7. Suppose you have an investment plan where you invest a certain fixed
amount every year. Modify futval.py to compute the total accumulation
of your investment. The inputs to the program will be the amount to invest
each year, the interest rate, and the number of years for the investment.
8. As an alternative to APR, the interest accrued on an account is often de-
scribed in terms of a nominal rate and the number of compounding peri-
ods. For example, if the interest rate is 3% and the interest is compounded
quarterly, the account actually earns % interest every 3 months.
Modify the futval.py program to use this method of entering the
interest rate. The program should prompt the user for the yearly rate
(rate) and the number of times that the interest is compounded each year
(periods). To compute the value in ten years, the program will loop 10 *
periods times and accrue rate/period interest on each iteration.
9. Write a program that converts temperatures from Fahrenheit to Celsius.
10. Write a program that converts distances measured in kilometers to miles.
One kilometer is approximately 0.62 miles.
Transcribed Image Text:2.9. Exercises 55 7. Suppose you have an investment plan where you invest a certain fixed amount every year. Modify futval.py to compute the total accumulation of your investment. The inputs to the program will be the amount to invest each year, the interest rate, and the number of years for the investment. 8. As an alternative to APR, the interest accrued on an account is often de- scribed in terms of a nominal rate and the number of compounding peri- ods. For example, if the interest rate is 3% and the interest is compounded quarterly, the account actually earns % interest every 3 months. Modify the futval.py program to use this method of entering the interest rate. The program should prompt the user for the yearly rate (rate) and the number of times that the interest is compounded each year (periods). To compute the value in ten years, the program will loop 10 * periods times and accrue rate/period interest on each iteration. 9. Write a program that converts temperatures from Fahrenheit to Celsius. 10. Write a program that converts distances measured in kilometers to miles. One kilometer is approximately 0.62 miles.
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