Exercise

Calculating future value

Calculating future value is an important step in building up to bond pricing as the process of pricing a bond is actually calculating future value in reverse. Here you will find the future value of an investment using the npf.fv() formula from earlier.

Instructions

100 XP

Import the numpy_financial package using the alias npf.
Calculate the future value of an investment of USD 10,000 with top-ups of USD 5,000 each year for 30 years earning 5% annual interest and assign the result to savings.
Print the result.