Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For python Financial application: compute CD value): Suppose you put $10,000 into a CID with an annual percentage yield of 5.75%. After one month, the
For python
Financial application: compute CD value): Suppose you put $10,000 into a CID with an annual percentage yield of 5.75%. After one month, the CD is worth 10000100005.75 1200 10047.91 After two months, the CD is worth 10047.9110047.95.75/120010096.06 After three months, the CD is worth 10096.06+10096.065.75/120010145.43 Write a program that prompts the user to enter an amount (e.g., 10,000), the annual percentage yield (e.g., 5.75), and the number of months (e.g., 18), and displays a table. Python 3.64 Shell File EditShell Debug Options Window Help Python 3.6.4 (v3.6.4:d4Seceb, Dec 19 2017,06:04:45) [MSC v.1900 32 bit Intel)] on win32 Type "copyright". "credits" or "license0" for more information. RESTART: CUserslShubalOneDriveDocumentslShuba RowanPythonAA Rowan 2018 Spri nglWeek 6HWfinancial application cd.py Enter the initial deposit amount: 10000 Enter annual percentage yield: 5.75 Enter maturity period (number of months): 18 Month CD Value 10047.92 10096.06 10144.44 10193.05 10241.89 10290.97 10340.28 10389.82 10439.61 10489.63 10539.89 10590.40 10641.14 10692.13 10743.37 10794.84 10846.57 10898.54 10 12 13 14 15 16 17 18Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started