HOW TO DOWNLOAD MATER CALCULATOR
def loan_calculator(loan_amount, annual_interest_rate, loan_term_years):
# Convert annual interest rate to a monthly interest rate
monthly_interest_rate = annual_interest_rate / 100 / 12
# Total number of payments (months)
total_payments = loan_term_years * 12
# Calculate monthly payment using the formula
if monthly_interest_rate > 0:
monthly_payment = (loan_amount * monthly_interest_rate) / (1 - (1 + monthly_interest_rate) ** -total_payments)
else:
monthly_payment = loan_amount / total_payments
return monthly_payment
# Input values
loan_amount = float(input("Enter the loan amount: "))
annual_interest_rate = float(input("Enter the annual interest rate (in %): "))
loan_term_years = int(input("Enter the loan term (in years): "))
# Calculate monthly payment
monthly_payment = loan_calculator(loan_amount, annual_interest_rate, loan_term_years)
# Output the result
print(f"The monthly payment is: ${monthly_payment:.2f}")
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