# Loan calculation using Python module numpy

Just another loan calculation, this time using a handy function in Python module numpy.

``````''' np_payments.py
calculate periodic payments on a given bank loan using module numpy
numpy.pmt(periodic_rate, period_number, loan_value, fv=0, when='end')

module numpy (numeric python extensions, high speed)

I used numpy Windows installers
numpy-MKL-1.7.1.win32-py2.7.exe
and/or
numpy-MKL-1.7.1.win32-py3.3.exe
from
http://www.lfd.uci.edu/~gohlke/pythonlibs/

for docs see:
http://wiki.scipy.org/Numpy_Example_List_With_Doc

tested with Python27 and Python33  by  vegaseat  22oct2013
'''

import numpy as np

# assume annual interest of 7.5%
interest = 7.5
annual_rate = interest/100.0
monthly_rate = annual_rate/12

# assume payment over 15 years
years = 15
number_month = years * 12

# assume a loan value of \$200,000
loan_value = 200000

monthly_payment = abs(np.pmt(monthly_rate, number_month, loan_value))

sf1 = "Paying off a loan of \${:,} over {} years at"
sf2 = "{}% interest, your monthly payment will be \${:,.2f}"
print(sf1.format(loan_value, years))
print(sf2.format(interest, monthly_payment))

''' result ...
Paying off a loan of \$200,000 over 15 years at
7.5% interest, your monthly payment will be \$1,854.02
'''``````
HiHe 174

Numpy is not only fast, but in this case simple to use.

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