CoCalc -- 9-29-21 Participation_by_Erik

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Project: Erik Yan - Fall 2021 MAT1630

Path: Participation/9-29-21 Participation_by_Erik_Yan.ipynb

Views: ¹⁹
Image: ubuntu2004

Kernel: Python 3 (system-wide)

In [3]:

def com_int(p,r,n,c,y):
    for i in range(n*y):
        p = p*(1+r/n)+c
    return p

In [4]:

com_int(1000,0.044,12,0,30)

Out[4]:

3734.3952805626127

This would mean that if someone deposited $1000 into an account that is compounded monthly with a 4.4% interest for 30 years, it would be about$ 3,734.40

In [5]:

com_int(1000,0.044,12,5,30)

Out[5]:

7463.116117693421

This would mean that if someone puts $5 a month into this account, the amount would roughly be$ 7,463.12

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all in one place. Commercial Alternative to JupyterHub.