Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Python Programming Program 2 OOP Write a program to calculate and display the loan for buying a car Create a class call Loan Data fields

Python Programming

image text in transcribed

Program 2 OOP Write a program to calculate and display the loan for buying a car Create a class call Loan Data fields in the Loan class include 2. 3. 4 Annual Interest Rate (Float) Number of years of loan (Float) Loan Amount (Float) Borrower's Name (string) Create the initializer or constructor for the class with the above data fields. Make the data fields private Create accessors (getter) for all the data fields. Create mutators (setters) for all the data fields Create a class method - getMonthlyPayment where 4 monthlyPayment banAmount monthlyinterestRate/(1-(1/(1+monthlyInterestRate) (numberOfYears 12))) note: that the monthly interest rateannualinterest 1200 5. Create a class method - getTotalPayment where totalPayment,etMonthlyPayment()* numberOfYears * 12 7. Write a test program (main function) to allow the user to enter the following: 2. 4 Allow the user to change the loan amount and reprint the new loan information Annual Interest Rate Number of Years of Loan Loan Amount Borrower's Name The output should look like this: Enter yearly interest rate, for example, 7.25: 2.5 Enter number of years as an integer: 5 Enter loan amount, for example, 120000.95: 1000.00 Enter a borrower's name: John Jones The loan is for John Jones The monthly payment is 17.75 The total payment is 1064.84 Do you want to change the loan amount? Y for yes or enter to quit y Enter new loan amount 5000 The loan is for John Jones The monthly payment is 88.74 The total payment is 5324.21

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Databases questions