Tony Gaddis Python: Compound Interest

compound.py

#ch_2_jrn_4
#Exercise 14
#This program calculates
#Compound Interest

print(' ')

print('Calculate compound interest by inputting values.')
print(' ')

print('Your initial deposit to your account.')
principal = float(input('Principal Deposit: '))
print(' ')

print('Input annual percentage rate example-')
print('10 for 10% without the symbol and not dividing to 0.1.')
rate = float(input('Enter Annual Interest Rate Percentage: '))
print(' ')

print('Compound interest example-')
print('12 for monthly, 4 for quarterly, or 1 for annually.')
compound = float(input('Annual Compound Frequency: '))
print(' ')

print('Number of years you would like to compound your interest?')
time = float(input('Years: '))
print(' ')

accrual = principal * (1.0 + ((rate / 100)/ compound)) ** (compound * time)

print('Amount compounded after', time, 'years is: ', format(accrual, '.2f'))