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Please use python to finish this question, thank you! 5. The formula for computing the final amount if one is earning compound interest is given
Please use python to finish this question, thank you!
5. The formula for computing the final amount if one is earning compound interest is given on Wikipedia as rnt A = P(1+) Where. P = principal amount (initial investment) . r= annual nominal interest rate (as a decimal) . n = number of times the interest is compounded per year t = number of years Here, P is the principal amount (the amount that the interest is provided on), n the frequency that the interest is paid out (per year), and r the interest rate. The number of years that the interest is calculated for is t. Write a program that replaces these letters with something a bit more human-readable, and calculate the interest for some varying amounts of money at realistic interest rates such as 1%, and -0.05%. When you have that working, ask the user for the value of some of these variables and do the calculationStep by Step Solution
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