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Exercise 9

Repeat the previous question but, this time, use augmented assignment to compute the final result, one year at a time.

Solution

balance = 1000.00
balance *= 1.05
balance *= 1.05
balance *= 1.05
balance *= 1.05
balance *= 1.05
print(balance)

This program also prints 1276.2815625000003 as the final balance. Once again, that's close enough.

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