Lets see how to calculate compound interest in Python! Very simple and straight forward. principal = 100000 yearly_rate = 0.05 years = 30 yearly_addition = 10000 # calculate the principal and interest...
Lets see how to calculate compound interest in Python! Very simple and straight forward.
principal = 100000 yearly_rate = 0.05 years = 30 yearly_addition = 10000 # calculate the principal and interest for each year data = [] for i in range(1, years+1): principal = principal + yearly_addition interest = principal * yearly_rate principal = principal + interest data.append(principal) print(f"Year {i} - Principal: {principal}, Interest: {interest}")
Below code will calculate the monthly payment