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- import numpy as np
- loan_balance = 500000
- annual_interest_rate = 4.5/100
- total_repayments = 360 #Monthly repayments for a 30 year home loan
- monthly_interest_rate= annual_interest_rate/12
- min_repayment_amount = -np.pmt(monthly_interest_rate, total_repayments, loan_balance)
- print(min_repayment_amount)
- payment_number = 1
- interest_part = -np.ipmt(monthly_interest_rate, payment_number, total_repayments, loan_balance)
- principal_part = -np.ppmt(monthly_interest_rate, payment_number, total_repayments, loan_balance)
- print(interest_part)
- print(principal_part)
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