Making A Simple Python Budget Program - Pythondex
Making A Simple Python Budget Program - Pythondex
Dec 27, 2021
pythondex.com
Develop and test a Python program that calculates the monthlymortgage payments for a given loanamount, term (number of years) and range of interest rates from3% to 18%. The fundamental formula fordetermining this is A/D, where A is the original loan amount,and D is the discount factor. The discountfactor is calculated as,D 5 ((1 1 r) n 2 1) / r(1 1 r) nwhere n is the number of total payments (12 times the number ofyears of the loan) and r is the interest rate,expressed in decimal form (e.g., .05
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