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Updated car loan image to show how things are calculated
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+33
-8
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5 files changed

+33
-8
lines changed

.DS_Store

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Finance/car_loans.ipynb

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@@ -198,13 +198,13 @@
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"# 7.5% state sales tax rate on the purchase of all vehicles\n",
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"\n",
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"# Annual percentage rate\n",
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"APR = .0359\n",
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"APR = .0702\n",
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"\n",
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"# periodic interest rate = APR/number of periods per year\n",
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"R = APR / 12\n",
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"\n",
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"# Total number of interest periods (number of months)\n",
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"n = 72"
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"n = 60"
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]
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},
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{
@@ -230,7 +230,7 @@
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"name": "stdout",
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"output_type": "stream",
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"text": [
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"Monthly payment is: 517.08\n"
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"Monthly payment is: 662.64\n"
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]
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}
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],
@@ -242,27 +242,27 @@
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"cell_type": "markdown",
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"metadata": {},
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"source": [
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"## How your Monthly Payment (Equated Monthly Installment) is Calculated"
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"## Calculating a Monthly Payment (Simplified)"
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]
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},
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{
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"cell_type": "code",
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"execution_count": 69,
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"execution_count": 9,
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"metadata": {
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"collapsed": true
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},
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"outputs": [],
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"source": [
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"# California sales tax 7.5%\n",
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"Principal = 31115 * (1.075)\n",
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"P = 31115 * (1.075)\n",
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"\n",
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"r = 0.0702 / 12\n",
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"n = 60"
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]
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},
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{
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"cell_type": "code",
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"execution_count": 70,
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"execution_count": 10,
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"metadata": {
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"collapsed": false
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},
@@ -273,7 +273,7 @@
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"662.638532377825"
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]
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},
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"execution_count": 70,
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"execution_count": 10,
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"metadata": {},
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"output_type": "execute_result"
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}
@@ -286,6 +286,31 @@
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"emi"
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]
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},
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{
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"cell_type": "markdown",
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"metadata": {},
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"source": [
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"## Calculating a Monthly Payment (with some fees included)"
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]
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},
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{
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"cell_type": "code",
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"execution_count": null,
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"metadata": {
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"collapsed": true
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},
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"outputs": [],
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"source": []
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},
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{
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"cell_type": "code",
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"execution_count": null,
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"metadata": {
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"collapsed": true
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},
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"outputs": [],
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"source": []
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},
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{
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"cell_type": "markdown",
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"metadata": {},

Finance/loans.pptx

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Finance/monthlyPaymentEvidence.png

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Statistics/.DS_Store

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