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Python Help Pls! Problem: Examples: Requirements Submit only the files requested Print all floats to 2 decimal points unless stated otherwise Problem Description Loans can
Python Help Pls!
Problem:
Examples:
Requirements Submit only the files requested Print all floats to 2 decimal points unless stated otherwise Problem Description Loans can be rather expensive in the long run so it is important to figure out how much money you will be paying each month as well as the total cost of the loan. The formula for calculating the periodic payment of the loan is payment 1-(1 where P is the principal (amount of money borrowed) i is the interest rate n is the total number of payments . Your program should ask the user for the following in this order 1. 2. The amount they are borrowing The annual interest rate We will be assuming that the payments are being made monthly so the actual interest to use is 1/12 of the annual interest 1. 3. The number of payments to be made After collecting the above information your program report the monthly payment as well as the total cost of the loanStep by Step Solution
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