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bman214
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I'm working on the second problem in problem set 1. I understand what to do... but I'm confused. I can get it to calculate the correct monthly payment, but how do I find how many months it takes to pay off (and the balance afterward)?
 one year ago
 one year ago
bman214 Group Title
I'm working on the second problem in problem set 1. I understand what to do... but I'm confused. I can get it to calculate the correct monthly payment, but how do I find how many months it takes to pay off (and the balance afterward)?
 one year ago
 one year ago

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bwCA Group TitleBest ResponseYou've already chosen the best response.1
use a loop, each iteration of the loop represents a month, each month you add the interest then subtract the payment
 one year ago

bman214 Group TitleBest ResponseYou've already chosen the best response.0
Thank you so much! For anyone having the same problem: I used two loops. The first loop was to find the minimum monthly payment by testing all 12 months and then adding to the payment if it wasn't enough. Once I found the payment, I went on to the second loop, which is the one bwCA described.
 one year ago
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