Question: Q4: We know, for each PMT: PMT a interest_expense + principle_payment - note payable = amount borrowed (out only before the first payment) - For

Q4: We know, for each PMT: PMT a interest_expense + principle_payment - note payable = amount borrowed (out only before the first payment) - For each payment: interest_expense = note payable * interest_rate if principle paytuent =PMT - interest expense a note payable = note payable - principle payment Calculate the following for your first payment: - interest expense - principle payment - note payment (before and after first payment) Q5: Create a while loop to cycle through each period in the term of the note. Print the period number each time the loop cycles. - Must define a counter-variable to hold the current period nurnber. Q5: Create a while loop to cycle through each period in the term of the note. Print the period number each time the loop cycles. - Must define a counter-variable to hold the current-period-number. - Loop stopping condition will consider the term of the loan. - Must remember to increment your counter-variable Q6: Of the many variables we have created, which values remain constant for the life of the note? Which values will change each period? Since this is a text solution, show your response as a comment. Q7: The variables that remain constant will appear above your period-loop. The variables - that change each period, will be placed inside the period-loop you created above. Print each variable each period (including the period number)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
