IT IS A PYTHON PROGRAM

interest_due()

Parameters

the balance of the mortgage (the part of the principal that has not been paid back yet; should be a positive number) the annual interest rate (should be a float between 0 and 1) the number of payments per year (should be a positive integer; default value: 12) Functionality Compute and return the amount of interest due in the next payment according to the formula i = br, where i is the amount of interest due in the next payment b is the balance of the mortgage r is the interest rate per payment (the annual interest rate divided by the number of payments per year)