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This is short Python program I am having trouble with. Especially displaying the interest rates in a table format. I appreciate your help! D4. Home
This is short Python program I am having trouble with. Especially displaying the interest rates in a table format. I appreciate your help!
D4. Home Loan Amortization Develop and test a Python program that calculates the monthly mortgage payments for a given Joan amount, term(number ofyears)and range ofinterest rates from 3% to 1 8%. The fundamental formula for determining this is A/D, where A is the original loan amount, and D is the discount factor is calculated as, factor. The discount where n is the number of total payments (12 times the number of years of the loan) and r is the interest rate. expressed in decimal form (e.g, .05), divided by 12. A monthly payment table should be generated as shown below, Loan Amount: $350,000 Term: 30 years Interest Rate 3% 4% 5% 6% Monthly Payment 1475.61 1670.95 1878.88 2098.43 18% 5274.80 Check your results with an online mortgage calculator
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