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import numpy as np | |
import pandas as pd | |
term = 60 | |
P = 34689.96 | |
def calc_interest(P,emi,interest_rate = 0.0702): | |
interest_paid = np.floor(((interest_rate/12)*P)*100)/100 | |
principal_paid = np.round(emi-interest_paid, 2) | |
new_balance = np.round(P - principal_paid,2) | |
return(emi, interest_paid, principal_paid, new_balance) | |
payment_list = [] | |
for n in range(1, term + 1): | |
emi,i_paid,p_paid,new_p = calc_interest(P, emi) | |
payment_list.append([n, P, emi, i_paid, p_paid, new_p]) | |
P = np.round(new_p,2) | |
c_names = ['Month','Starting Balance','Repayment','Interest Paid','Principal Paid','New Balance'] | |
payment_table = pd.DataFrame(payment_list, columns = c_names) |
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