Question

How to calculate TVM (Time Value Money) over the years with interest in Python

Answer 1

def tvm(totalmoney, interest, years):
   futurevalue = totalmoney * (1 + interest) ** years
   return futurevalue
   

totalmoney = 10000
interest = 0.07
years = 5

futurevalue = tvm(totalmoney, interest, years)

print("Future value of:",totalmoney,"in",years,"years =", futurevalue)


'''
run:
 
Future value of: 10000 in 5 years = 14025.517307000004
   
'''

 

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