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Update Module4MortgageCalculatorChallengeSolution.py#2
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These videos are great but this challenge gave me a few problems because the monthly payments seemed astronomical. After some tinkering around i realized a couple things in the given info were inaccurate:1. The interest amount is compounded monthly, so if a user entered .05 as as their interest rate would actually be paying 5% interest per month, 60% interest a year and 600% interest on a 10 year loan. I made the change to line 17 to reflect interest properly. 2 For the monthly mortgage calculation, numberOfPayments should be an exponent on both sides of the equation , rather than being multiplied. I made this change to line 23-24 as well.
Rpasinatto commentedFeb 25, 2019
I believe the formula in this challenge is wrong. |
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These videos are great but this challenge gave me a few problems because the monthly payments seemed astronomical. After some tinkering around i realized a couple things in the given info were inaccurate:
2 For the monthly mortgage calculation, numberOfPayments should be an exponent on both sides of the equation , rather than being multiplied. I made this change to lines 23-24 as well.