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    Codingcalculator Payoffacarloan

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    api-267230457
    Monthly interest rate Monthly Principle at start of the month monthly interest rate interest for the month principal + Monthly Principle at end of Interest Payment month (outstanding balance) #This stores the monthly payment in the variable MP MP = float(raw_input()) #Here the user enters the annual interest rate. R = I / 12 print "So far, so good. And how much will you be paying back per month?"

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    Codingcalculator Payoffacarloan

    Uploaded by

    api-267230457
    9 views1 page
    Monthly interest rate Monthly Principle at start of the month monthly interest rate interest for the month principal + Monthly Principle at end of Interest Payment month (outstanding balance) #This stores the monthly payment in the variable MP MP = float(raw_input()) #Here the user enters the annual interest rate. R = I / 12 print "So far, so good. And how much will you be paying back per month?"

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    codingcalculator-payoffacarloan

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    Monthly interest rate Monthly Principle at start of the month monthly interest rate interest for the month principal + Monthly Principle at end of Interest Payment month (outstanding balance) #This stores the monthly payment in the variable MP MP = float(raw_input()) #Here the user enters the annual interest rate. R = I / 12 print "So far, so good. And how much will you be paying back per month?"

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    9 views1 page

    Codingcalculator Payoffacarloan

    Uploaded by

    api-267230457
    Monthly interest rate Monthly Principle at start of the month monthly interest rate interest for the month principal + Monthly Principle at end of Interest Payment month (outstanding balance) #This stores the monthly payment in the variable MP MP = float(raw_input()) #Here the user enters the annual interest rate. R = I / 12 print "So far, so good. And how much will you be paying back per month?"

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    Month Principle

    atstartof
    themonth

    Monthly
    interest
    rate

    Interest
    forthe
    month

    Principal+ Monthly Principleatendof


    Interest
    Payment month(outstanding
    balance)

    $10,000

    .004

    $40.00

    $10,040

    $9,640

    .004

    $38.56

    $9,678.56 $400.00

    $9,278.56

    $9,278.56

    .004

    $37.12

    $9,315.68 $400.00

    $8,915.68

    $8,915.68

    .004

    $35.66

    $8,951.34 $400.00

    $8,551.34

    $8,551.34

    .004

    $34.21

    $8,585.55 $400.00

    $8,185.55

    $400.00

    $9640

    print"WelcometoRena'sLoanPaymentCalculator.Pleaseentertheprincipleoftheloan"

    #ThisstorestheprincipalamountinthevariableP
    P=float(raw_input())
    print"Thanks.Nowpleasetellmetheannualinterestrateoftheloan.Pleaseputinsomething
    like4%as0.04"

    #Heretheuserenterstheannualinterestrate.
    I=float(raw_input())
    #Herewefindoutthemonthlyinterestrate.
    r=I/12

    print"Sofar,sogood.andhowmuchwillyoubepayingbackpermonth?"
    #ThisstoresthemonthlypaymentinthevariableMP
    MP=float(raw_input())

    print"Nicejob.Youseemtoknowhowtoenternumbers."

    m=0
    whileP>MP:
    P=P+P*rMP
    m=m+1
    printm,P
    print"Thenumberonthebottomisaccurate."

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