21 Aug In this assignment you will be creating 4 classes Loan, Clie
In this assignment you will be creating 4 classes Loan, Client, Accountant, and Bank along with a single function called create banks from file.
1.1 Loan
The Loan class takes in 3 arguments principal, rate, and time each of which will be floats or ints. Each argument needs to become an instance variable named self.principal, self.rate, and self.time. You need to implement 3 methods.
1.1.1 calculate monthly payment
The basic idea of the Loan class is that it can calculate some information regarding loans. calculate monthly payment calculates the amount one needs to pay per month to pay back the loan in the correct amount of time. The total amount borrowed money is the principal, the number of payments is time and the interest rate per month is rate. In order to calculate the total cost per month you need to use the equation 6. If you are interested or confused, you can see where I got the equation and a deeper explanation here P = principal (1) r = rate (2) t = time (3) A = cost per month (4) (5) A = P r(1 + r) t (1 + r) t − 1 (6)
1.1.2 calculate total owed
calculate total owed needs to calculate the total amount of the loan which needs to be paid. This is the time multiplied by the cost per month.
1.1.3 calculate total interest
calculate total interest needs to calculate the total amount of interest which will be paid. This is the total owed minus the principal
1.2 Client
The Client class takes in 4 arguments name, total savings, total checking, and loan. name will be a string and both total savings and total checking will be floats or ints. loan is supposed to be an instantiated Loan object. You need to implement 5 methods.
1.2.1 total in checking
Return total checking.
1.2.2 total in savings
Return total savings
1.2.3 total borrowed
Return the amount of money borrowed. This can be found out through the Loan object passed in via loan.
1.2.4 total interest
Return the amount of interest owed. This can be found out through the Loan object passed in via loan.
1.2.5 total owed
Return total amount of money owed. This can be found out through the Loan object passed in via loan.
1.3 Accountant
The Accountant class takes in 1 argument, name (a string). You need to implement 5 methods.
1.3.1 add client
This method takes in a Client object and adds it to self.clients. It does not need to return anything
1.3.2 get client
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