Investing over time
If you would like to accumulate $1,000,000 over 15 years, at 7% per year, you will have to invest $3214.35 per month:
np.pmt(rate=((1+0.07)**(1/12) - 1),
nper=15*12, pv=0, fv=1000000)
But what if you were willing to wait an extra 15 years, for a total of 30 years? How much will you need to invest each month?
This exercise is part of the course
Introduction to Financial Concepts in Python
Hands-on interactive exercise
Turn theory into action with one of our interactive exercises
