Question

some investment advisors say that it’s reasonable to expect a 7%7% return over the long term in the stock market. assuming that you begin with $1000$1000 and leave your money invested, use a loop to calculate and display how much money you’ll have after 10, 20 and 30 years. use the following formula for determining these amounts: ????

Answer 1

To Calculate this Query, Following Python Code and Formula is to be used.

in the following sequence.

Coding in Python

first message printing in #

• Print "If you start with $1,000 and invest it at 7% return for the" ("following amounts of time, you can expect to end up with...")
• #setting p p=1000
• initializing r with r=7
• #looping for n in the range (10,31,10) where n=10,20,30:
• a=p*(1+r/100)**n finding
• #printing Amount print("Amount after [number of years]: $:.2f".format(n,a))

Alternative Code

• For the year in the range
• (1, years+1),
• 1000 rate divided by 7 years is 30.
• Sum = Principal * (1 + Rate/100)**Year
• print("Years = 0"t "t" Amount = "1:.2f"".
• format(year, amount))

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