What is the best way to repeatedly execute a function every x seconds?

Question

I want to repeatedly execute a function in Python every 60 seconds forever (just like an NSTimer in Objective C). This code will run as a daemon and is effectively like call

Answer 1

One possible answer:

import time
t=time.time()

while True:
    if time.time()-t>10:
        #run your task here
        t=time.time()