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Sorry for all the questions!
In the first problem, "Credit Card Debt," how would one find the total principle paid? I know that in the program below, it is all the values of r added up, but I can't figure out how to deal with it in each separate time it loops.
 one year ago
 one year ago
Sorry for all the questions! In the first problem, "Credit Card Debt," how would one find the total principle paid? I know that in the program below, it is all the values of r added up, but I can't figure out how to deal with it in each separate time it loops.
 one year ago
 one year ago

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JocelynCBest ResponseYou've already chosen the best response.0
## Calculate balance for compound interest. x = float(raw_input('Enter current balance ')) y = float(raw_input('Enter annual interest rate ')) z = float(raw_input('Enter minimum monthly payment rate ')) for ans in range(1,13): t = x * z p = (y/12.0) * x r = t  p x = x  r print 'Minumun monthly payment ', t print 'principle paid ', r print 'remaining balance ', x print 'Total principle paid ', ~blank spot...~ print 'Balance ', x
 one year ago

PhilipYBest ResponseYou've already chosen the best response.1
Total principle paid, start with a var outside your loop. So after you ask the user to input their x, y and z, name a new var and make it equal to 0. a = 0 in the loop, you do something like a = a + r and then at the end when you are printing your results, you just print var a. I think this should get you your total principle paid over 12 months
 one year ago
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