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In order to upgrade its machinery, a manufacturing company obtained a major infrastructure loan to be paid in yearly installments. Write a Python program called
In order to upgrade its machinery, a manufacturing company obtained a major infrastructure
loan to be paid in yearly installments. Write a Python program called loan infra, to compute and
display the number of years that would be needed to fully pay the loan. The yearly balance shall
be displayed before processing the yearly payment. The company must make one and only one
payment every year. The amount of the yearly payment made by the company can be different
from one year to the next. The interest rate is applied yearly to the loan balance after the yearly
payment is made. The principal initial amount of the loan the interest rate, and the amounts of
the yearly payments are to be provided as inputs to the program.
The expected inputoutput behavior of the program is illustrated below for one example input:
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