calculator will compute the fixed monthly payment required to pay off a mortgage over a specified term,

given the initial loan amount, interest rate, and term length.

$1$ Background

A mortgage is a loan used to purchase a property, with the property itself serving as collateral. The

borrower makes regular payments, typically monthly, to the lender over a fixed period $($the mortgage

term$).$ The fixed monthly payment required to pay off the mortgage depends on several factors:

$L$ : The initial principal or value of the loan.

$r$ : The annual interest rate $($expressed as a decimal, e$.$g$.,0\mathrm{.}05$ for $5\%).$

c: monthly interest rate. The monthly interest rate, calculated as $c=\frac{r}{12}$

$n$ : The term of the mortgage in months $($e$.$g$.,30$ years $=360$ months$).$

The formula to compute the fixed monthly payment is$,$ the derivation of which can be found here.

$P=L\frac{c(1+c{)}^n}{(1+c{)}^n-1}$

$2$ Task

Design the Mortgage Calculator:

Write a Python program that prompts the user to input the initial loan amount $L,$ the annual

interest rate $r,$ and the mortgage term in years.

Convert the annual interest rate to a monthly interest rate $c,$ and the mortgage term in years

to the term in months $n.$

Implement the formula provided above to calculate the fixed monthly payment $P.$

Test the Calculator:

Ensure that your program correctly computes the monthly payment for different inputs. Test

with various loan amounts, interest rates, and terms.

Documentation and User Interface:

Provide clear documentation within your code to explain how each part of the program works.

Design the user interface $($input$/$output prompts$)$ to be user$-$friendly and informative.

Discussion:

After completing the implementation, write a brief reflection on how the mortgage payment

is affected by changes in the interest rate, loan amount, and mortgage term. Discuss any

challenges you encountered during the implementation process and how you overcame them.

Deliverables:

A Python script named mortgage$\_$calculator. ipynb that performs the required computations.

Evaluation Criteria: Your submission will be evaluated based on the following criteria:

Correctness: The program accurately calculates the monthly mortgage payment based on the

provided inputs.

Code Quality: The code is well$-$organized, clearly documented, and follows good programming

practices.

User Interface: The program is user$-$friendly and

provides clear instructions and output. How do i put this into jupyter?!?