should subtract the principal from the amount accrued over the life of the loan.

The examples shown below are for:

Borrowing $$100,000$ for a condo financed over $30$ years with $12$ payments per year at $4\mathrm{.}5\%.$

Borrowing $$25,000$ for a car financed over $6$ years with $12$ payments per year at $3\mathrm{.}5\%.$

The total amount paid for a loan $($accrued amount$)$ is given by the formula below where $A$ is the amount accrued over the life of the loan including principal, $P$ is the principal, $r$ is the rate as a decimal, $n$ is the number of payments made per year and $t$ is the life of the loan in years. Use the round function to have at most $1$ decimal place in the answer.

$A=P(1+\frac{r}{n}{)}^{nt}$

Input:

a$)$ python C:$\backslash$Users

eda$\backslash$Dataprogramming $\backslash$M$1\backslash$

assign$1-4.$py $1000004\mathrm{.}51230$

b$)$ python c:$\backslash$Users

eda$\backslash$Dataprogramming $\backslash$M$1\backslash$

assign$1-4.$py $250003\mathrm{.}5126$

Output:

a$)$ Interest Paid: $$284769\mathrm{.}8$

b$)$ Interest Paid: $$5832\mathrm{.}5$