Create variables for for each of the components

Assignment Help Computer Engineering

Reference no: EM133548047

Writee a program to calculate the future value (the variable A above). Use the following values:
1. Principal amount of $5,000
2. Annual nominal interest rate of 4.5% (Don't forget to convert this to a decimal value. Example: 15% = 0.15).
3. Compounded monthly - This means the number of compounding periods per unit of time is 12, for 12 months per year
4. Time period of 40 years
  
  Create self-documenting good variable names in snake case or camel case.
  For example, if I were storing a value such as total sales per store in Texas, I could name the variable 'total_sales_per_store'.
  DO use variable names with multiple words - make your code as clear and self-explanatory as possible.
  
  Create variables for for each of the components of the formula, and initialize them with the values in steps a through d above.
  DO NOT USE LITERALS IN YOUR FORMULAS - USE VARIABLES.
  
  IMPORTANT: DO NOT PROGRAM THE ENTIRE FORMULA IN ONE LINE
  USE THESE STEPS IN ORDER:
5. First calculate the periodic interest rate - this is the 'r/n' portion of the formula. Name this variable periodic_interest_rate.
6. Second, calculate the total number of interest periods - this is the 'nt' portion (multiply) portion of the formula. Name this variable 'total_interest_periods'.
7. Third, finish the formula by plugging in your variables with intermediate results from steps e and f.
8. Use parentheses to control the order of mathematical operations.
9. Use print statements to display all 4 of the input values in the console, with an appropriate text label.
  For example, an output label for my store sales example above could be:
  'Total sales per store: 34677'
10. Use a print statement to display the final result, with an appropriate label

Reference no: EM133548047

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