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As an alternative to APR, the interest accrued on an account is often described in terms of a nominal rate and the number of compounding
As an alternative to APR, the interest accrued on an account is often described in terms of a nominal rate and the number of compounding periods. For example, if the interest rate is oo and the interest is compounded
quarterly, the account actually earns interest every 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
periods times and accrue rateperiod interest on each iteration.
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