No he did not that was a poor choice.
Solution:
initial = float(eval(input('Enter the monthly saving amount: ')))
x = (1 + 0.00417)
month_one = initial * x
month_two = (initial + month_one) * x
month_three = (initial + month_two) * x
month_four = (initial + month_three) * x
month_five = (initial + month_four) * x
month_six = (initial + month_five) * x
print('The sixth month value is: '+str(month_six))
Don't forget the saving amount, and initialize the balance with that amount. Inside the loop, work out and add the interest and then add the saving amount for the next month.
balance = 801
for month in range(6):
balance = balance * (1.00417)
print(balance)
Pentaprism is a five sided prism with two silvered surfaces giving a non-stop deviation of all rays of light through 90 degress. Used in viewfinders of single-lens reflex cameras