CoCalc -- 10-6-21 Participation_by_Erik

Project: Erik Yan - Fall 2021 MAT1630

Path: Participation/10-6-21 Participation_by_Erik_Yan.ipynb

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Image: ubuntu2004

Kernel: Python 3 (system-wide)

In [12]:

def payment(p,r,n,t):
    x = (1+r/n)**t
    y = 1-x
    return -p*x*r/(n*y)

In [15]:

payment(2000,0.15,12,18)

Out[15]:

124.76957453033408

This would mean that, it would roughly be $124.77 paid each month to pay off the credit card.

In [0]: