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Show steps on Python. Looking at the ending value of a 1-time investment over a given number of years at a given interest rate. Compute
Show steps on Python. Looking at the ending value of a 1-time investment over a given number of years at a given interest rate. Compute the ending value in a single formula.
Now, you need to write a program that shows the value of the investment (and other information) on an annual basis. As an example, starting beginning of 2022 with a $1,000 investment at a 10% interest rate for 5 years. The output would look something like this. EOY Beg. Amt. Int. Earned End. Amt. 2022 $1000.00 $100.00 $1100.00 2023 $1100.00 $110.00 $1210.00 2024 $1210.00 $121.00 $1331.00 2025 $1331.00 $133.10 $1464.10 2026 $1464.10 $146.41 $1610.51 TOTAL INTERESTED EARNED: $610.51 Ask the user to enter an investment amount, an interest rate (in %), and an investment duration. Produce a schedule similar to above. (Your output will most likely not look perfect, because of alignment issues. Just get close on the alignment. You can assume that the user will enter an investment amount between $10,000 and $25,000. You can also assume a reasonable interest rate and a duration no longer than 10 years.)Step by Step Solution
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