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11/08/2020 · Loan Payment Formula. Interest is the rate you pay towards the loan, here it will be used as a decimal (so for example: 5% is .05). The number of payments will be determined by how many years the loan is for multiplied by 12 (one payment per month). If your loan is for less than a year, you can use a fraction ( 9 months is .75).14/02/2018 · def myMonthlyPayment(Principal, annual_r, years): n = years 12 # number of monthly payments r = (annual_r 100) 12 # decimal monthly interest rate from APR MonthlyPayment = (r Principal ((1+r) n)) (((1+r) n) - 1) return MonthlyPayment years = int(input('Please enter number of years of loan: ')) annual_r = float(input('Please enter the annual interest rate: ')) Principal = int(input('Please enter the amount of loan: ')) print('Monthly payment: …payment_due_date = Loan. first_due_date (current_date, payment_day) total_paid = total_interest = total_payment_count =

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