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python. Question 3 You are required to work out the periodic investment amount required given a target wealth to be achieved sometime in the future.
python.
Question 3 You are required to work out the periodic investment amount required given a target wealth to be achieved sometime in the future. For example, with an annual investment return of 2.5%, a monthly investment amount of $2,403 will yield a final wealth of $1,000,000 in 25 years' time. You are recommended to make use of existing python functions within your function to evaluate the required values. (a) Implement a function contribution calculator(target wealth, rate, duration, periodicity) that will inform an investor the periodic contribution required in order to fulfill her financial goal. (10 marks)Step by Step Solution
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