AnnuityLoan1.py

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AnnuityLoan1.py

amount = float(input("Enter the amount: "))
interestrate = float(input("Enter the interest rate (in %): "))
interestrate = interestrate/100.0
duration = int(input("Enter the duration (in years): "))

annualpayment  = amount * (((1 + interestrate) ** duration * interestrate) /
                           ((1 + interestrate) ** duration - 1))

print("The annual payment is ", round(annualpayment,2))