I am trying to make a program that calculates compound interest with 3 different lists. The first item in each list are the variables needed in the formula A=P(1+r)^n. These are the instructions.
Albert Einstein once said “compound interest” is man’s greatest invention. Use the equation A=P(1+r) n
,
where P is the amount invested, r is the annual percentage rate (as a decimal 5.0%=0.050) and n is the
number of years of the investment.
Input: 3 lists representing investments, rates, and terms
investment = [10000.00, 10000.00, 10000.00, 10000.00, 1.00]
rate = [5.0, 5.0, 10.0, 10.0, 50.00]
term = [20, 40, 20, 40, 40]
Output: Show the final investment.
$26532.98
$70399.89
$67275.00
$452592.56
$11057332.32
This is the code that I have written so far:
P = [10000.00, 10000.00, 10000.00, 10000.00, 1.00]
r = [5.0, 5.0, 10.0, 10.0, 50.00]
n = [20, 40, 20, 40, 40]
# A=P(1+r)
def formula(principal,rate,years):
    body = principal*pow((1 + rate),years)
    print "%.2f" %(body)
def sort(lst):
    spot = 0
    for item in lst:
        item /= 100
        lst[spot] = item
        spot += 1
input = map(list,zip(P,r,n))
sort(r)
for i in input:
    for j in i:
        formula()
I firstly define a function to calculate the compound interest, then I define a function to convert the rates to the proper format. Then using map (which im not completely familiar with)I separate the first item of each list into a tuple within the new input list. What i am trying to do is find a way to input the three items within in the tuple into principle, rate and years in the formula function. I am open to critiquing, and advice. I am still fairly new with programming in general. Thank you.