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Numpy Beginner's Guide (Update)

Numpy Beginner's Guide (Update)

By : Ivan Idris
2 (1)
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Numpy Beginner's Guide (Update)

Numpy Beginner's Guide (Update)

2 (1)
By: Ivan Idris

Overview of this book

This book is for the scientists, engineers, programmers, or analysts looking for a high-quality, open source mathematical library. Knowledge of Python is assumed. Also, some affinity, or at least interest, in mathematics and statistics is required. However, I have provided brief explanations and pointers to learning resources.
Table of Contents (16 chapters)
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14
C. NumPy Functions' References
15
Index

Time for action – figuring out the rate

Let's take the values from the Time for action – determining the number of periodic payments section and reverse compute the interest rate from the other parameters.

Fill in the numbers from the previous Time for action section:

print("Interest rate", 12 * np.rate(167, -100, 9000, 0))

The interest rate is approximately 10 percent as expected:

Interest rate 0.0999756420664

What just happened?

We used the NumPy rate() function and the values from the Time for action – determining the number of periodic payments section to compute the interest rate of the loan. Ignoring the rounding errors, we got the initial 10 percent we started with.

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