A software development team needs to upgrade a program, but the team members are having trouble understanding the program code a
1 answer:
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Answer and Explanation:
First of all we should have to know about PMT
PMT
stands for payment .payment that you want to send and receive.It is used in financial calculators and equation. It is a payment that return the periodic payment for a loan.
From the given statement we have to calculate the PMT for this purpose .
let us consider example where we take loan amount and have some interest and then calculate it.
loan of amount = $6000.00
Interest rate = 4.20%
period per year=15
period = 60
then monthly payment = $ 111.40
Using Excel then we get the monthly payment in cell C9
as calculations has been shown in the excel.
where you can get function who returns a positive value.
Answer:
The program implemented in Python is as follows:
hourly=float(input("Hourly Wage: "))
print("Annual Rate: "+str(hourly * 40 * 50))
print("Monthly Rate: "+str(round((hourly * 40 * 50/12),2)))
Explanation:
The question is incomplete as the missing code is not given. However, I've written the program from scratch in python.
This prompts the program user for the hourly Wage;
hourly=float(input("Hourly Wage: "))
This calculates and prints the annual rate
print("Annual Rate: "+str(hourly * 40 * 50))
This calculates and prints the monthly rate
print("Monthly Rate: "+str(round((hourly * 40 * 50/12),2)))
<u>Note:</u>
<em>The annual rate is calculated by multiplying the hourly wage to number of hours per week (40) to number of weeks per year (50)</em>
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<em>The monthly rate is calculated by </em><em />