We can use Python to calculate mortgage payments when purchasing a home. Let’s consider the following: Home cost: $430,000Down payment: 6%Interest rate: 3.12%Insurance: $131Property taxes: 0.086%Loan type: 30-year fixed We begin by importing numpy and calculating the down payment. Based on the calculations below, we see the down payment will cost $25,800, leaving a balance…… Continue reading Calculating Mortgage Payments in Python
Category: finances
Python and Time Value of Money
Let’s take a look at how to use Python to determine the future and present value of money. To do this, we’re going to look at the current PowerBall Jackpot and see how much a potential winner might get. As of Saturday, March 13, 2021, the current jackpot is $169 million. According to the PowerBall…… Continue reading Python and Time Value of Money