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Calculate Compound Interest (FV) with Python

This Snippet is coded by a user inOnline python Compiler. You can see and run this code too.

زبان: python

This Python code calculates the Future Value (FV) of a series of monthly deposits with compound interest, also known as annuity due. It determines how much your investment will grow over a specified number of years with a given annual interest rate.

The formula used is:

FV = P * (1 + r) * ((1 + r)^(12*n) - 1) / r

Where P is the monthly deposit, r is the monthly interest rate (annual rate divided by 1200), and n is the number of years.

How to use:

Set P to your monthly deposit amount in Tomans.
Set R to your annual interest rate (e.g., 18 for 18%).
Set n to the number of years.
Run the code to see the FV with comma formatting.

This is useful for financial planning, estimating returns on savings, and understanding the power of compound interest.