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lucpet/Question6.py

Created October 18, 2013 10:13
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Question 6
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Question6.py
def future_value(present_value, annual_rate, periods_per_year, years):
'''
>>> future_value(500, .04, 10, 10)
745.317442824
'''
rate_per_period = annual_rate / periods_per_year
periods = periods_per_year * years
future_value = present_value * (1 + rate_per_period) ** periods
return future_value
print "$1000 at 2% compounded daily for 3 years yields $", future_value(1000, .02, 365, 3)
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