loan.py

# Get details of loan
money_owed = float(input('How much money do you owe in dollars? \n')) # $50,000
apr = float(input('What is the annual percentage rate of the loan?\n')) # 3%
payment = float(input('How much will you pay off each month in dollars?\n')) # 1,000
months = int(input('How many months do you want to see the results for?\n')) #24

monthly_rate = apr/100/12

for i in range(months):
    # Calculate interest to pay
    interest_paid = money_owed * monthly_rate

    # Add in interest 
    money_owed = money_owed + interest_paid

    if (money_owed - payment < 0):
        print('The last payment is ', money_owed)
        print('You paid off the loan in', i+1, 'months')
        break
    
    # Make payment 
    money_owed = money_owed - payment

    print('Paid', payment, 'of which $', interest_paid, ' was interest', sep='')
    print('Now I owe $', money_owed, sep='')