Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 . 6 : We cannot simply add these numbers to our balance _ array, as it would not include interest paid over the

Question 2.6: We cannot simply add these numbers to our balance_array, as it would not include interest paid over the deposits. What we actually need is an array of the form
[P,
P * factor + A,
P * factor**2+ A * factor + A,
P * factor**3+ A * factor**2+ A * factor + A,...]=
balance_array +
[0,
A,
A + A * factor,
A + A* factor + A * factor**2,
A + A* factor + A * factor**2+ A * factor**3,...]
Here we will produce this second array:
[0,
A,
A + A * factor,
A + A* factor + A * factor**2,
A + A* factor + A * factor**2+ A * factor**3,...].
Let's start by producing
[A, A * factor, A * factor**2,...]
with length equal to the total number of months minus 1. Save it in the variable A_fac_pwr below.
Hint: You can use the factors_array again, but remove its last term.
A_fac_pwr =...
A_fac_pwr

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Databases questions