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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.