Question

LULUPULUS! WORK AREA Suppose you have a certain amount of money in a savings account that earns compound monthly interest, and you want to calculate the amount that you will have after a specific number of months. The formula is as follows: f=p* (1 + i)^t • fis the future value of the account after the specified time period. •p is the present value of the account. i is the monthly interest rate. .t is the number of months How lit Write a program that takes the account's present value, monthly interest rate, and the number of months that the money will be left in the account as three inputs from the user. The program should pass these values to a function that returns the future value of the account, after the specified number of months. the program should print the account's future value. SAMPLE RUN #2: python3 FutureValue.py mple efere Interactive Session de invisibles Highlight: None Show 5. EP Com Plotti Enter current-bank-balance: 35.72 Enter interest rate:- Enter the amount of time that passes:100- 35.7 1 of 1: Thu Mar 26 2020 21:21:31 GMT-0500 (ce

Answer 1

Source Code:

import math
def FututeValue(p,i,t):
f=p*(math.pow((1+i),t))
return f

p=float(input("Enter current bank balance:"))
l=float(input("Enter interest rate:"))
t=int(input("Enter the amount of time that passes(in months):"))
total=FututeValue(p,l,t)
print("Future Value:",total)

main.py 1 import math 2-def FututeValue(P,i,t): 3 f=p*(math.pow((1+i),t)) 4 return f 6 p=float(input("Enter current bank balance:") 7 l=float(input("Enter interest rate:") 8 trint(input("Enter the amount of time that passes (in months) :") 9 total=FututeValue(P,l,t) 10 print("Future Value: ", total)
Sample input and output:

Enter current bank balance:35.7 Enter interest rate: 0 Enter the amount of time that passes (in months):100 Future Value: 35.7 ... Program finished with exit code o Press ENTER to exit console. I