Answer:
def future_investment_value(investment, monthly_interest_rate, years):
print("Years\tFuture Value")
print("- - - - - - - - - - -")
for i in range(1, years+1):
future_value = investment * ((1 + monthly_interest_rate) ** (12 * i))
print(i, "\t\t", format(future_value, ".2f"))
investment = float(input("Enter the invesment amount: "))
interest = float(input("Enter the annual interest rate: "))
year = int(input("Enter the year: "))
future_investment_value(investment, interest/1200, year)
Explanation:
Inside the function:
- In the for loop that iterates through the years, calculate the future value using the formula and print the results
Then:
- Ask the user for the investment, annual interest rate, and year
- Call the function with the given inputs
