Mathematics, 07.04.2020 00:15 eastonstelter
Generate a user defined function that calculates the total amount paid for a loan and the monthly payments for the load. Name your function Group#loan. The input for the function should be the principal amount of the loan, the monthly interest rate, and the time of the loan in years. The equation that calculates the total loan amount for a fixed rate and time frame is
T=Pe^rt
Where T is the total amount paid for the life of the loan for the interest rate, P is the principal loan amount, r is the interest rate, and t is the time of the loan.
Answers: 2
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Generate a user defined function that calculates the total amount paid for a loan and the monthly pa...
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