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3 years ago

Suppose you will invest $100 per month at the beginning of the month for 40 years with interest rate

Computers and Technology

1 answer:

Alexeev081 [22]3 years ago

5 0

Answer:

future value = 232369.1361

return % = 384.10 %

Explanation:

given data

principal = $100 per month

time = 40 year = 480 months

rate = 6.25 % yearly = 0.0625 yearly = 0.005208 monthly

to find out

total amount of capital at the end of your investment and percentage is your total return

solution

so here future value formula is

future value = P $\frac{(1+r)^{t-1}}{r} * (1+r)$ ..........1

here r is rate and t is time and P is principal

so put all value

future value = 100 $\frac{(1+0.005208)^{480-1}}{0.005208} * (1+0.005208)$

future value = 232369.1361

Total capital at the end of investment-Total principle invested over the years

232369.1361 - 100 ( 12 × 40 )

184369.1361

Return % = $\frac{184369.1361}{48000}$ × 100

return % = 384.10 %

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Answer:

#section 1

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Explanation:

The above code is written in python 3

#section 1:

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A range of values from [0 - (no_of_days - 1)] is created from the number of days entered, this is done so that the FOR loop can iterate through every number and call for inputs.

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#section 2:

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check the attachment to see how the code works.

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Answer:

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Explanation:

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