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Update Module4MortgageCalculatorChallengeSolution.py #2

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Update Module4MortgageCalculatorChallengeSolution.py #2

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6 changes: 3 additions & 3 deletions 6 Solutions/Module4MortgageCalculatorChallengeSolution.py
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Original file line number Diff line number Diff line change
Expand Up @@ -14,14 +14,14 @@
#Convert the strings into floating numbers so we can use them in teh formula
loanDurationInYears = float(strLoanDurationInYears)
loanAmount = float(strLoanAmount)
interestRate = float(strInterestRate)
interestRate = float(strInterestRate)/12

#Since payments are once per month, number of payments is number of years for the loan * 12
numberOfPayments = loanDurationInYears*12

#Calculate the monthly payment based on the formula
monthlyPayment = loanAmount * interestRate * (1+ interestRate) * numberOfPayments \
/ ((1 + interestRate) * numberOfPayments -1)
monthlyPayment = loanAmount * interestRate * (1 + interestRate)** numberOfPayments \
/((1 + interestRate) ** numberOfPayments - 1)

#provide the result to the user
print("Your monthly payment will be " + str(monthlyPayment))
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