Question: using Python (latest 3 version) {Financial application: compare loans with various interest rates) Write a pro- gram that lets the user enter the loan amount
using Python (latest 3 version)
{Financial application: compare loans with various interest rates) Write a pro- gram that lets the user enter the loan amount and loan period in number of years and displays the monthly and total payments for each interest rate starting from 5% to 8%, with an increment of 1/8. Here is a sample run: 162 Chapters Loops Loan Amount: 10000 Center | Number of Years: 5 1 -1 Enter j Interest Rate Monthly Payment Total Payment 5 . 000% 188.71 11322.74 5.125% 189.28 11357.13 5.250% 189.85 11391.59 7.875% 202.17 12129.97 8 . 000% 202.76 12165.83
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
