Starting Out with Python (4th Edition)
4th Edition
ISBN: 9780134444321
Author: Tony Gaddis
Publisher: PEARSON
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Textbook Question
Chapter 5, Problem 19PE
Future Value
Suppose you have a certain amount of money in a savings account that earns compound monthly interest, and you want to calculate the amount that you will have after a specific number of months. The formula is as follows:
The terms in the formula are:
▪ F is the future value of the account after the specified time period.
▪ P is the present value of the account.
▪ i is the monthly interest rate.
▪ t is the number of months.
Write a
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Summary
Interest on a credit card's unpaid balance is calculated
using the average daily balance.
Suppose that netBalance is the balance shown in the
bill, payment is the payment made, d1 is the number
of days in the billing cycle, and d2 is the number of
days payment is made before billing cycle.
Then, the average daily balance is:
averageDailyBalance = (netBalance * d1 payme
If the interest rate per month is, say, 0.0152, then the
interest on the unpaid balance is:
interest averageDailyBalance * 0.0152
Instructions
Write a program that accepts as input netBalance,
d1, payment, d2, and interest rate per month (
interestRate).
Interest Rates Savings accounts state an interest rate and a compounding period. If theamount deposited is P, the stated interest rate is r, and interest is compounded m timesper year, then the balance in the account after one year is P⋅(1+rm)m. For instance, if$1000 is deposited at 3% interest compounded quarterly (that is, 4 times per year), thenthe balance after one year is1000⋅(1+.034)4=1000⋅1.00754=$1,030.34.Interest rates with different compounding periods cannot be compared directly.The concept of APY (annual percentage yield) must be used to make the comparison. TheAPY for a stated interest rate r compounded m times per year is defined byAPY=(1+rm)m−1.(The APY is the simple interest rate that yields the same amount of interest after oneyear as the compounded annual rate of interest.) Write a program to compare interestrates offered by two different banks and determine the most favorable interest rate. SeeFig. 4.24.
Perfect number, a positive integer that is equal to the sum of its proper divisors. The smallest perfect number is 6, which is the sum of 1, 2, and 3. Other perfect numbers are 28, 496, and 8,128.
Draw a flow chart of perfect number.
Chapter 5 Solutions
Starting Out with Python (4th Edition)
Ch. 5.1 - What is a function?Ch. 5.1 - Prob. 2CPCh. 5.1 - How do functions help you reuse code in a program?Ch. 5.1 - How can functions make the development of multiple...Ch. 5.1 - How can functions make it easier for programs to...Ch. 5.2 - A function definition has what two parts?Ch. 5.2 - What does the phrase calling a function mean?Ch. 5.2 - When a function is executing, what happens when...Ch. 5.2 - Prob. 9CPCh. 5.4 - What is a local variable? How is access to a local...
Ch. 5.4 - What is a variables scope?Ch. 5.4 - Prob. 12CPCh. 5.5 - What are the pieces of data that are passed into a...Ch. 5.5 - What are the variables that receive pieces of data...Ch. 5.5 - Prob. 15CPCh. 5.5 - When a parameter is changed, does this affect the...Ch. 5.5 - The following statements call a function named...Ch. 5.6 - What is the scope of a global variable?Ch. 5.6 - Give one good reason that you should not use...Ch. 5.6 - Prob. 20CPCh. 5.7 - How does a value-returning function differ from...Ch. 5.7 - Prob. 22CPCh. 5.7 - Prob. 23CPCh. 5.7 - What does the following statement do? x =...Ch. 5.7 - What does the following statement do? print...Ch. 5.7 - What does the following statement do? print...Ch. 5.7 - What does the following statement do? print...Ch. 5.7 - What does the following statement do? print...Ch. 5.7 - When the random module is imported, what does it...Ch. 5.7 - What happens if the same seed value is always used...Ch. 5.8 - Prob. 31CPCh. 5.8 - Look at the following function definition: def...Ch. 5.8 - What is a Boolean function?Ch. 5.9 - What import statement do you need to write in a...Ch. 5.9 - Write a statement that uses a math module function...Ch. 5.9 - Write a statement that uses a math module function...Ch. 5 - A group of statements that exist within a program...Ch. 5 - A design technique that helps to reduce the...Ch. 5 - The first line of a function definition is known...Ch. 5 - You___a function to execute it. a. define b. call...Ch. 5 - A design technique that programmers use to break...Ch. 5 - Prob. 6MCCh. 5 - A ______ is a variable that is created inside a...Ch. 5 - Prob. 8MCCh. 5 - Prob. 9MCCh. 5 - Prob. 10MCCh. 5 - A variable that is visible to every function in a...Ch. 5 - Prob. 12MCCh. 5 - This is a prewritten function that is built into a...Ch. 5 - This standard library function returns a random...Ch. 5 - This standard library function returns a random...Ch. 5 - This standard library function returns a random...Ch. 5 - This statement causes a function to end and sends...Ch. 5 - This is a design tool that describes the input,...Ch. 5 - This type of function returns either True or...Ch. 5 - This is a math module function. a. derivative b....Ch. 5 - The phrase "divide and conquer" means that all of...Ch. 5 - Functions make it easier for programmers to work...Ch. 5 - Function names should be as short as possible.Ch. 5 - Calling a function and defining a function mean...Ch. 5 - A flowchart shows the hierarchical relationships...Ch. 5 - A hierarchy chart does not show the steps that are...Ch. 5 - A statement in one function can access a local...Ch. 5 - In Python, you cannot write functions that accept...Ch. 5 - In Python, you can specify which parameter an...Ch. 5 - You cannot have both keyword arguments and...Ch. 5 - Some library functions are built into the Python...Ch. 5 - You do not need to have an import statement in a...Ch. 5 - Complex mathematical expressions can sometimes be...Ch. 5 - A function in Python can return more than one...Ch. 5 - IPO charts provide only brief descriptions of a...Ch. 5 - How do functions help you to reuse code in a...Ch. 5 - Name and describe the two parts of a function...Ch. 5 - When a function is executing, what happens when...Ch. 5 - What is a local variable? What statements are able...Ch. 5 - What is a local variable's scope?Ch. 5 - Prob. 6SACh. 5 - Suppose you want to select a random number from...Ch. 5 - What statement do you have to have in a...Ch. 5 - What three things are listed on an IPO chart?Ch. 5 - What is a Boolean function?Ch. 5 - Prob. 11SACh. 5 - Write a function named times_ten. The function...Ch. 5 - Examine the following function header, then write...Ch. 5 - Look at the following function header: der...Ch. 5 - What will the following program display? def main...Ch. 5 - Look at the following function definition def...Ch. 5 - Write a statement that generates a random number...Ch. 5 - The following statement calls a function named...Ch. 5 - A program contains the following function...Ch. 5 - Write a function named times_ten that accepts a...Ch. 5 - Write a function named get_first_name that asks...Ch. 5 - Kilometer Converter The Kilometer Converter...Ch. 5 - Sales Tax Program Refactoring Programming Exercise...Ch. 5 - How Much Insurance? Many financial experts advise...Ch. 5 - Automobile Costs Write a program that asks the...Ch. 5 - Property Tax A county collects property taxes on...Ch. 5 - Calories from Fat and Carbohydrates A nutritionist...Ch. 5 - Stadium Seating There are three seating categories...Ch. 5 - Paint Job Estimator A painting company has...Ch. 5 - Monthly Sales Tax A retail company must file a...Ch. 5 - Feet to Inches The Feet to Inches Problem One foot...Ch. 5 - Math Quiz Write a program that gives simple math...Ch. 5 - Maximum of Two Values Write a function named max...Ch. 5 - Falling Distance When an object is falling because...Ch. 5 - Kinetic Energy In physics, an object that is in...Ch. 5 - Test Average and Grade Write a program that asks...Ch. 5 - Odd/Even Counter In this chapter, you saw an...Ch. 5 - Prime Numbers A prime number is a number that is...Ch. 5 - Prime Number List This exercise assumes that you...Ch. 5 - Future Value Suppose you have a certain amount of...Ch. 5 - Random Number Guessing Game Write a program that...Ch. 5 - Rock, Paper, Scissors Game Write a program that...Ch. 5 - Turtle Graphics: Triangle Function Write a...Ch. 5 - Turtle Graphics: Modular Snowman Write a program...Ch. 5 - Prob. 24PECh. 5 - Turtle Graphics: Checkerboard Write a turtle...Ch. 5 - Turtle Graphics: City Skyline Write a turtle...
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