Write a program that reads a loan amount, payment amount, and interest rate as inputs and outputs the number of payments required until the loan is paid. Interest is added to current balance before a payment is applied. Ex: If current balance is $100.00 and the interest rate is 0.02, the new balance is $102.00 before a payment is applied. All values are floats Exif the inputs 1000.0 the output is 31 paymenta Exif the input is 50.0 100.0 (the output is: 1 paymant
Write a program that reads a loan amount, payment amount, and interest rate as inputs and outputs the number of payments required until the loan is paid. Interest is added to current balance before a payment is applied. Ex: If current balance is $100.00 and the interest rate is 0.02, the new balance is $102.00 before a payment is applied. All values are floats Exif the inputs 1000.0 the output is 31 paymenta Exif the input is 50.0 100.0 (the output is: 1 paymant
Chapter4: Making Decisions
Section: Chapter Questions
Problem 7E: Write a program named GuessingGame that generates a random number between 1 and 10. (In other words,...
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I need help fixing a python code
:
loan = float(input())
payment = float(input())
interest_rate = float(input())
count = 0
while(loan>payment):
paid = payment * interest_rate
paid_with_interest = paid + payment
loans = loan - paid_with_interest
count = count + 1
print(round(loans), "payments")
Transcribed Image Text:Write a program that reads a loan amount, payment amount, and interest rate as inputs and outputs the number of payments required until
the loan is paid. Interest is added to current balance before a payment is applied. Ex: If current balance is $100.00 and the interest rate is
0.02, the new balance is $102.00 before a payment is applied. All values are floats.
Ex If the input is
1000.0
50.0
0.03
the output is:
31 paymenta
Ex If the input is
50.0
100.0
0.02
the output is:
1 payment
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