Loan Calculator

Welcome to the Loan Calculator project! This Python program calculates the monthly payment amount for a fixed-rate loan based on the loan amount, annual interest rate, and loan term in months.

Table of Contents

• Getting Started
• Usage
• Contributing
• License

Getting Started

To use the Loan Calculator, follow these steps:

1. Run the Program

   Run the Python script main.py:

   python main.py
   

   Follow the prompts to enter the loan amount, annual interest rate (as a percentage), and the loan term in months.

2. View the Monthly Payment

   The program will calculate and display the monthly payment amount based on your input.

Usage

• Enter the loan amount when prompted. For example, if you want to calculate a loan for $10,000, enter 10000.

• Enter the annual interest rate as a percentage. For example, if the annual interest rate is 5.5%, enter 5.5.

• Enter the loan term in months. For a 2-year loan, enter 24 months.

• The program will calculate and display the monthly payment amount.

Enjoy using the Loan Calculator! If you have any questions or encounter any issues, please feel free to reach out or open an issue.

Pyodide-runnable

Yes — it is a pure-stdlib console program using only input() and print().