Loan Calculator
Using the Functions available for Maths, I built a simple loan calculator -including the elif and else statements so that Python can make a decision. I am sure there are much simpler ways of doing this but as I am still learning, it’s all I can do right now.
# -*- coding: utf-8 -*-
def amount_to_borrow(loan_request, twelve_months):
print "Calculating 12 months interest totalling £{0:.2f}.\n".format (twelve_months)
return loan_request + twelve_months
loan_request = (float(raw_input("How much do you want?\nEnter Amount: ")))
monthly_payments = loan_request / 12
twelve_months = monthly_payments + 15.00 * 12
interest_payments = 15 * 12
total = amount_to_borrow(loan_request, twelve_months)
raw_input("Press Return to get your decision.\n")
credit_limit = 5000
print "The cost of your loan is £{0:.2f}\n".format (total)
print "That's £{0:.2f} in 12 monthly payments".format (monthly_payments)
print "And £{0:.2f} in Interest Payments over 12 months.\n".format (interest_payments)
print "The limit for your account is £{0:.2f}\n".format (credit_limit)
if total < credit_limit:
print "Your loan is approved.\n"
elif total > credit_limit:
print "Sorry. You are not approved.\n"
else:
print "Please come into the branch to discuss it.\n"