# A program that computes the payment amount for a loan, along with the
# total cost of borrowing, from the amount borrowed, interest rate and
# duration entered by the user.

# Read the amount borrowed, interest rate and loan duration from the user
amt = float(input("Enter the loan amount: "))
rate = float(input("Enter the interest rate (5 for 5%): "))
years = int(input("How many years will it take to repay the loan? "))

# Convert the interest rate from annual to rate per payment period
rate = rate / 12 / 100

# Compute the number of payments
num_payments = years * 12

# Compute the payment amount
payment = rate * amt / (1 - (1 + rate) ** -num_payments)

# Compute the total cost of borrowing
total_cost = num_payments * payment - amt

# Display the results
print("The payment amount will be %.2f" % payment)
print("The total cost of borrowing will be %.2f" % total_cost)