Python Programming: An Introduction to Computer Science, 3rd Ed.
3rd Edition
ISBN: 9781590282755
Author: John Zelle
Publisher: Franklin, Beedle & Associates
expand_more
expand_more
format_list_bulleted
Question
Chapter 2, Problem 7PE
Program Plan Intro
Computing compound interest
- Declare a main function. Inside the main function,
- Print the statement.
- Get the initial amount from the user.
- Get the interest rate form the user.
- Get the yearly investment from the user.
- Get the number of years form the user.
- Iterate through for loops.
- Calculate the principal amount for yearly investment.
- Calculate the principal amount.
- Print the result.
- Call the main function.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
The monthly payment for a givenloan pays the principal and the interest. The monthly interest is computed by multiplyingthe monthly interest rate and the balance (the remaining principal). The principalpaid for the month is therefore the monthly payment minus the monthly interest.Write a program that lets the user enter the loan amount, number of years, and interestrate then displays the amortization schedule for the loan. Here is a sample run:
Loan Amount: 10000 ↵EnterNumber of Years: 1 ↵EnterAnnual Interest Rate: 7 ↵EnterMonthly Payment: 865.26Total Payment: 10383.21Payment# Interest Principal Balance1 58.33 806.93 9193.072 53.62 811.64 8381.43...11 10.00 855.26 860.2712 5.01 860.25 0.01
Suppose you have an investment plan where you invest a certain fixedamount every year. Modify futval . py to compute the total accumulationof your investment. The inputs to the program will be the amount to investeach year, the interest rate, and the number of years for the investment.
Suppose you have an investment plan where you invest a certain fixed amount every year. Modify futval.py to compute the total accumulation of your investment. The inputs to the program will be the amount to invest each year, the interest rate, and the number of years for the investment.
Please step by step
Chapter 2 Solutions
Python Programming: An Introduction to Computer Science, 3rd Ed.
Ch. 2 - Prob. 1TFCh. 2 - Prob. 2TFCh. 2 - Prob. 3TFCh. 2 - Prob. 4TFCh. 2 - Prob. 5TFCh. 2 - Prob. 6TFCh. 2 - Prob. 7TFCh. 2 - Prob. 8TFCh. 2 - Prob. 9TFCh. 2 - Prob. 10TF
Ch. 2 - Prob. 1MCCh. 2 - Prob. 2MCCh. 2 - Prob. 3MCCh. 2 - Prob. 4MCCh. 2 - Prob. 5MCCh. 2 - Prob. 6MCCh. 2 - Prob. 7MCCh. 2 - Prob. 8MCCh. 2 - Prob. 9MCCh. 2 - Prob. 10MCCh. 2 - Prob. 1DCh. 2 - Prob. 3DCh. 2 - Prob. 4DCh. 2 - Prob. 5DCh. 2 - Prob. 6DCh. 2 - Prob. 7DCh. 2 - Prob. 1PECh. 2 - Prob. 2PECh. 2 - Prob. 3PECh. 2 - Prob. 4PECh. 2 - Prob. 5PECh. 2 - Prob. 6PECh. 2 - Prob. 7PECh. 2 - Prob. 8PECh. 2 - Prob. 9PECh. 2 - Prob. 10PECh. 2 - Prob. 11PECh. 2 - Prob. 12PE
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.Similar questions
- When you borrow money to buy a house, a car, or for some other purpose, you repay the loan by making periodic payments over a certain period of time. Of course, the lending company will charge interest on the loan. Every periodic payment consists of the interest on the loan and the payment toward the principal amount. To be specific, suppose that you borrow $1,000 at an interest rate of 7.2% per year and the payments are monthly. Suppose that your monthly payment is $25. Now, the interest is 7.2% per year and the payments are monthly, so the interest rate per month is 7.2/12 = 0.6%. The first months interest on $1,000 is 1000 0.006 = 6. Because the payment is $25 and the interest for the first month is $6, the payment toward the principal amount is 25 6 = 19. This means after making the first payment, the loan amount is 1,000 19 = 981. For the second payment, the interest is calculated on $981. So the interest for the second month is 981 0.006 = 5.886, that is, approximately $5.89. This implies that the payment toward the principal is 25 5.89 = 19.11 and the remaining balance after the second payment is 981 19.11 = 961.89. This process is repeated until the loan is paid. Write a program that accepts as input the loan amount, the interest rate per year, and the monthly payment. (Enter the interest rate as a percentage. For example, if the interest rate is 7.2% per year, then enter 7.2.) The program then outputs the number of months it would take to repay the loan. (Note that if the monthly payment is less than the first months interest, then after each payment, the loan amount will increase. In this case, the program must warn the borrower that the monthly payment is too low, and with this monthly payment, the loan amount could not be repaid.)arrow_forwardthis is a problem that I have how would I go about solving it? Stadium Seating There are three seating categories for a BC softball game. Class A seats cost $15, Class B seats cost $12, and Class C seats cost $9. Write a program that asks how many tickets for each class of seats were sold. Then display the total number of tickets sold, the amount of income generated from each class and the total ticket sales. Note: Use constants for the seat prices. Sample output: WELCOME TO THE BROWARD COLLEGE STADIUM!! Please enter the number of Class A seats sold: 100 Please enter the number of Class B seats sold: 200 Please enter the number of Class C seats sold: 150 ************************************************** Total number of tickets sold: 450 Income Generated: Class A:$1500.00 Class B: $2400.00 Class C: $1350.00 Total: $5250.00arrow_forwardWrite a program that will read an executive's job number, level number, and basic pay and then compute the net salary after withholding income tax. Problem analysis: Gross salary = basic pay + house rent allowance + perks Net salary = Gross salary - income tax. The computation of perks depends on the level, while the income tax depends on the gross salary. The major steps are: 1. Read data. 2. Decide level number and calculate perks. 3. Calculate gross salary. 4. Calculate income tax. 5. Compute net salary. 6. Print the results. Program: A program and the results of the test data are given in statement should be an executable statement. That is, the label stop: cannot be the last line. Fig. 5.15. Note that the lastarrow_forward
- Transient PopulationPopulations are affected by the birth and death rate, as well as the number of people who move in and out each year. The birth rate is the percentage increase of the population due to births and the death rate is the percentage decrease of the population due to deaths. Write a program that displays the size of a population for any number of years. The program should ask for the following data: The starting size of a population P The annual birth rate (as a percentage of the population expressed as a fraction in decimal form)B The annual death rate (as a percentage of the population expressed as a fraction in decimal form)D The average annual number of people who have arrived A The average annual number of people who have moved away M The number of years to display nYears Write a function that calculates the size of the population after a year. To calculate the new population after one year, this function should use the formulaN = P + BP - DP + A - Mwhere N is the…arrow_forwardThere are three seating categories at a stadium . For a softball game, Class A seats cost$15, Class B seats cost $12, and Class C seats cost $9. Write a program that asks howmany tickets for each class of seats were sold, then displays the amount of incomegenerated from ticket sales. Format your dollar amount in a fixed-point notation withtwo decimal points and make sure the decimal point is always displayed.arrow_forwardWrite an improved version of the futval . py program from Chapter 2.Your program will prompt the user for the amount of the investment, theannualized interest rate, and the number of years of the investment. Theprogram will then output a nicely formatted table that tracks the value ofthe investment year by year. Your output might look something like this: Year Value----------------0 $2000 . 001 $2200 . 002 $2420 . 003 $2662 . 004 $2928 . 205 $3221 . 026 $3542 . 127 $3897 . 43arrow_forward
- In Python using the Pandas Module: Find the Player with the Highest Batting Average from 2019, only if their number of plate appearances (PA) >= 250. Plate Appearances (Pl_App), calculated as: Pl_App = HBP + SH + SF + AB + BB + Batting Average (B_AVG) is the ratio of Hits to at Bats. So B_AVG = H / AB, and is reported to three decimal points. Show code and output to prove functionality. Below is 3 years of player data: player year team lg G AB R H HR BB SO IBB HBP SH SF Alan J. 2020 NYA AL 2 0 0 0 0 0 0 0 0 0 0 Barry B. 2020 HOU AL 4 0 0 0 0 0 0 0 0 0 0 Michael J. 2020 CHA AL 60 240 43 76 19 18 59 1 3 0 1 Jim R. 2020 ATL NL 46 160 46 40 14 38 60 2 4 0 0 Nolan R. 2020 TBA AL 54 185 29 48 8 20 74 0 0 0 0 Sammy S. 2020 CHN NL 13 0 0 0 0 0 0 0 0 0 0 Frank T. 2020 SDN NL 3 1 0 0 0 0 1 0 0 0 0 Alan J. 2019 KCA AL 6 0 0 0 0 0 0 0 0 0 0 Barry B. 2019 ATL NL 16 49 4 9 2 2 18 0 0 0 0 Michael J. 2019 LAA AL 38 124 9 20 3 7 55 0 1 0 0 Jim R. 2019 MIN AL 44 89 10 17 0…arrow_forwardWrite a program to calculate the total final marks for a subject. There are four assessment types for the subject. Below are the percentages of the marks that will be taken into account for the Total Finall Marks (refer Table 1). Table 1 : Total Finall Marks Percentages Assessment Type Original Marks Percentage taken from original marks Finalll Eexam 100 50% Quiz 50 20% Lab 50 20% Assignment 20 10% Total Final Marks 100%arrow_forwardWrite a program that computes how much a customer has to pay after purchasing two items. Make the lower-priced item half price. If the two items have identical prices, you can make one or the other half price. The price is calculated according to the following rules:• Buy one get one half off promotion: the lower price item is half price.• If the customer is club card member, additional 10% off.• Tax is added. Inputs to the program include:• Two items’ prices• Have club card or not (User enters ‘Y’ or ‘y’ for “yes”; ‘N’ or ‘n’ for “no”)• Tax rate (User enters the percentage as a number; for example, they enter8.25 if the tax rate is 8.25%) Program displays:• Base price - the price before the discounts and taxes• Price after discounts - the price after the buy one get one half off promotionand the member’s discount, if applicable• Total price – the amount of money the customer has to pay (after tax)printed with the precision of 2 decimal digits. Hint: In order to print a number in a…arrow_forward
- Given a certain temperature in Fahrenheit and a maximum wind velocity (speed) in Miles Per Hour, calculate and display a series of wind chill factors from a wind velocity of 1 MPH to the maximum wind velocity in a table. The user is allowed to specify a maximum wind velocity of up to 50 MPH.Here are the programming instructions for this project: •You must use coding techniques from only Chapter 1 through Section 5.1 in our textbook. You may not use any other coding techniques from any other sources. • Create a project and class in BlueJ named Project2 • In main(), do the following: -Prompt the user to enter the current temperature and use a Scanner object to store it in a double variable.oCall a method named getVelocity that returns an integer and has a Scanner parameter. This method must use a either a while loop or a do-while loop to prompt the user to enter the maximum wind velocity (speed) and return it. A valid value for the maximum wind velocity is between 2 and 50…arrow_forwardA rod is used to hang a load (force) of 1000 N.There are 4 ingredients with their respective strengths.Create a program to create a bar diameter table, if using the 4 materials.Example: Copper Steel Material. Aluminum. Bronze Strength(N/mm2) 2000. 1600. 1400. 1700Rod Diameter: Ingredient. Copper Steel. Aluminum. BronzeDiameter. (mm) …. …. …. …..Note: Strength is the maximum stress the material can withstandStress S = force/sectional area S=force/A A = force/SmaxCross-sectional area A = 3.14 x d2 /4 d = root(4xA/3.14)Instructions: Make a list to store the ingredient names and strengths Create in a python programarrow_forwardWrite a program that will check the employees years in service and office. • The user will input number for years and in service and the following offices(IT, ACCT, HR)arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- C++ Programming: From Problem Analysis to Program...Computer ScienceISBN:9781337102087Author:D. S. MalikPublisher:Cengage Learning
C++ Programming: From Problem Analysis to Program...
Computer Science
ISBN:9781337102087
Author:D. S. Malik
Publisher:Cengage Learning
Java random numbers; Author: Bro code;https://www.youtube.com/watch?v=VMZLPl16P5c;License: Standard YouTube License, CC-BY