Code In Place Wolverines

by Michael R

Description

Project 1 - PPP Loan Calculator In response to the economic recession caused by the COVID-19 pandemic, Congress passed the CARES Act. This included a Paycheck Projection Program (PPP) to provide low interest loans to provide financial support for businesses . Under the rules established by the US Treasury and Small Business Association (SBA), the loans can either be partially or completely forgiven if certain criteria are met. Among these are using 75% of the loan amount to cover payroll costs for an 8 week period beginning on the date of the loan dispersal. Another is the retention or rehiring of staff back to the pre-crisis levels by June 30, 2020. If more than 25% of the loan is spent on non-payroll costs or if staff numbers or hours are reduced, then these factors reduce the amount of the PPP loan that can be forgiven. This python program was designed to help a business determine their PPP loan forgiveness and any loan that the business will be required to repay. It takes as input several key pieces of the business's dataand uses two different calculations from the SBA's loan forgiveness application to determine the forgiveness amount. Whatever remains after subtracting the forgiveness amount is the unforgiven loan. A calculation is done to determined whether any leftover/unspent PPP money would fully cover the unforgiven loan. If not, the program determines the residual loan amount and computes an amortization table along with total interest paid. Project 2 - Wolverines Graduation Card My son Matthew is graduating Bellevue High School next month. As a tribute to him, I took the senior logo, which has a white background, and did some digital image manipulation on it to create a colorful graduation card. My code incorporated control structures, things we learned about graphics, using canvases, and even use of lists and dictionaries.