Database System Concepts
Database System Concepts
7th Edition
ISBN: 9780078022159
Author: Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher: McGraw-Hill Education
Bartleby Related Questions Icon

Related questions

Question
100%

** must be done using a while loop with nested statements

Write a Python program that calculates the value of an investment with interest compounding annually. The program
should allow the user to enter the beginning balance and the interest rate. This interest rate should be entered as a
decimal number. For example, it should be entered as .05, instead of 5%. The program should output a table of the
balance for each year. It should stop when the balance has tripled. It should also display when the balance has doubled.
Be sure to right-align and format the year and balance numbers as shown in the samples below. Also, don’t forget to
include your header and step comments in your code.
Your program should function like this …
Sample 1

Sample 2:
Enter the beginning balance: 3000
Enter the interest rate (such as .045) : .05
Year
Current Balance
3,150.00
3,307.50
3,472.88
3,646.52
3,828.84
4,020.29
4,221.30
4,432.37
4,653.98
4,886.68
5,131.02
5,387.57
5,656.95
5,939.79
6,236.78
1
2
3
4
5
6
7
8.
9.
10
11
12
13
14
15
The beginning balance doubled in 15 years.
6,548.62
6,876.05
7,219.86
16
17
18
19
7,580.85
20
7,959.89
21
8,357.89
22
8,775.78
23
9,214.57
The beginning balance tripled in 23 years.
expand button
Transcribed Image Text:Sample 2: Enter the beginning balance: 3000 Enter the interest rate (such as .045) : .05 Year Current Balance 3,150.00 3,307.50 3,472.88 3,646.52 3,828.84 4,020.29 4,221.30 4,432.37 4,653.98 4,886.68 5,131.02 5,387.57 5,656.95 5,939.79 6,236.78 1 2 3 4 5 6 7 8. 9. 10 11 12 13 14 15 The beginning balance doubled in 15 years. 6,548.62 6,876.05 7,219.86 16 17 18 19 7,580.85 20 7,959.89 21 8,357.89 22 8,775.78 23 9,214.57 The beginning balance tripled in 23 years.
Sample 1:
Enter the beginning balance: 5000
Enter the interest rate (such as .045): .075
Year
Current Balance
1
5,375.00
5,778.12
6,211.48
ו35 . ר67 ,6
7,178.15
7,716.51
8,295.25
8,917.39
9, 586.19
10,305.16
2
3
4
5
6.
9
10
The beginning balance doubled in 10 years.
11,078.04
11,908.90
12,802.07
13,762.22
14,794.39
15,903.97
11
12
13
14
15
16
The beginning balance tripled in l6 years.
expand button
Transcribed Image Text:Sample 1: Enter the beginning balance: 5000 Enter the interest rate (such as .045): .075 Year Current Balance 1 5,375.00 5,778.12 6,211.48 ו35 . ר67 ,6 7,178.15 7,716.51 8,295.25 8,917.39 9, 586.19 10,305.16 2 3 4 5 6. 9 10 The beginning balance doubled in 10 years. 11,078.04 11,908.90 12,802.07 13,762.22 14,794.39 15,903.97 11 12 13 14 15 16 The beginning balance tripled in l6 years.
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
Database System Concepts
Computer Science
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:McGraw-Hill Education
Text book image
Starting Out with Python (4th Edition)
Computer Science
ISBN:9780134444321
Author:Tony Gaddis
Publisher:PEARSON
Text book image
Digital Fundamentals (11th Edition)
Computer Science
ISBN:9780132737968
Author:Thomas L. Floyd
Publisher:PEARSON
Text book image
C How to Program (8th Edition)
Computer Science
ISBN:9780133976892
Author:Paul J. Deitel, Harvey Deitel
Publisher:PEARSON
Text book image
Database Systems: Design, Implementation, & Manag...
Computer Science
ISBN:9781337627900
Author:Carlos Coronel, Steven Morris
Publisher:Cengage Learning
Text book image
Programmable Logic Controllers
Computer Science
ISBN:9780073373843
Author:Frank D. Petruzella
Publisher:McGraw-Hill Education