Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please use python and please follow the instructions 100% Instructions: Read Chapter 10 on Classes. Following the instructions below to create a python program. 1)
please use python and please follow the instructions 100%
Instructions: Read Chapter 10 on Classes. Following the instructions below to create a python program. 1) In this program, you are required to define a Loan class in one python module. Define the data attributes, constructor (using 100000, 5, and 10 as the default values for loan_amount, annual_rate, and year), and methods according to the following UML description. Thestr..0 method should summarize all the attributes of the class. Note: Even though monthly payment is calculated based on the monthly interest rate, a loan term is usually defined by an annual interest rate. The formula for the monthly payment of a loan is given by loanAmountx monthlylnterestRate Yes, it is the same as you monthlyPaynent- did in team activity 1 so (1+monthlyInterestRate) InterestRate2 may want to referen to what you did in team activity 1. 2) In a separate python file, define and call the main function. Requirements for the main0: a) ask user to enter a loan amount, annual interest rate, and duration of the loan in years; b) create an instance of the Loan class based on the inputs from the user; c) call the monthly_payment and total_payment methods to figure out the monthly and total payments of the loan; d) use a print statement to display the loan info, including the monthly and total payments. Loan __loan amount annual rate --year __init__(loan amount, annual rate, year) monthly-payment0 total_payment0 get_loan amount0 set loan amount(loan amount) get annual rate0 set annual_rate(annual_rate) get year set year(year) str .O Fix any syntax errors and test your code if you can. Submit both python files through Canvas for gradingStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started