Periodic compounding The total accumulated value, including the principal sum P, is given by the formula: where: nt A = P(1 + 5)² A is the final amount Accumulated Value P is the original principal sum r is the nominal annual interest rate n is the compounding frequency • t is the overall length of time the interest is applied (expressed using the same time units as r, usually years). Using the above formula write a program that will display the following table. Principal-Value | Times-Interest-Compunded | Annual-Int-Rate | Term | Accumulated-Value 1000 6.00% 10 3.20% 2000 3000 9.25% 2 ** 3 8 m=3 n=2 p= m **n 1 124 I You must use exponent operator to compute P Exponent Operator in Python is ** Examples (https://en.wikipedia.org/wiki/Compound_interest) base = 2 exp = 4 a base ** exp print(a) 2 print("Solving the exponent, we get " ,p ) Solving the exponent, we get 9 e50 15 10 1790.85 3219.89 7486.33

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Periodic compounding
The total accumulated value, including the principal sum P, is given by the formula:
where:
nt
A = P(1 + 1) "²
n
A is the final amount Accumulated Value
P is the original principal sum
r is the nominal annual interest rate
n is the compounding frequency
t is the overall length of time the interest is applied (expressed using the same time units as r, usually years).
Using the above formula write a program that will display the following table.
Principal-Value | Times-Interest-Compunded | Annual-Int-Rate | Term | Accumulated-Value
1000
6.00%
10
3.20%
15
2000
3000
9.25%
10
2 ** 3
8
|
You must use exponent operator to compute P
Exponent Operator in Python is **
Examples
m=3
n=2
p= m **n
(https://en.wikipedia.org/wiki/Compound_interest)
1
2
4
base = 2
exp = 4
a = base ** exp
print(a)
16
print("Solving the exponent, we get
Solving the exponent, we get 9
,p )
1790.85
3219.89
7486.33
Transcribed Image Text:Periodic compounding The total accumulated value, including the principal sum P, is given by the formula: where: nt A = P(1 + 1) "² n A is the final amount Accumulated Value P is the original principal sum r is the nominal annual interest rate n is the compounding frequency t is the overall length of time the interest is applied (expressed using the same time units as r, usually years). Using the above formula write a program that will display the following table. Principal-Value | Times-Interest-Compunded | Annual-Int-Rate | Term | Accumulated-Value 1000 6.00% 10 3.20% 15 2000 3000 9.25% 10 2 ** 3 8 | You must use exponent operator to compute P Exponent Operator in Python is ** Examples m=3 n=2 p= m **n (https://en.wikipedia.org/wiki/Compound_interest) 1 2 4 base = 2 exp = 4 a = base ** exp print(a) 16 print("Solving the exponent, we get Solving the exponent, we get 9 ,p ) 1790.85 3219.89 7486.33
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