Question: can you make a python code? The monthly payment R required to pay off a loan of P dollars at 100r% interest (so for example,

can you make a python code? The monthly payment R required can you make a python code?

The monthly payment R required to pay off a loan of P dollars at 100r% interest (so for example, 5% interest means r=.05 ) over t years compounded monthly is given by R=P(1+12r)12t112r(1+12r)12t (a) You borrow $200,000 to buy a house at 4% interest. Compute the monthly payment (don't worry about rounding) if your loan is for: (i) 30 years (ii) 15 years (b) Calculate how much total you end up paying for your $200,000 loan in each case (HINT: you make 360 payments on the 30 -year loan, but only 180 payments on the 15 -year loan)

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