A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 one year ago
Im having problems with calculating fixed amount to be paid every month to pay debt off in a a year.I have tried this following program but I know what is wrong with it,I just need help fixing it
lowpay=10
initial=balance
epsilon=1
month=1
while(True):
month=1
balance=initial
while(month<=12):
test=balance
balance+=balance*(annualInterestRate/12)
balance=lowpay
month+=1
if(balance>0):
lowpay+=10
else:
break
print('Lowest Payment: '+str(lowpay))
anonymous
 one year ago
Im having problems with calculating fixed amount to be paid every month to pay debt off in a a year.I have tried this following program but I know what is wrong with it,I just need help fixing it lowpay=10 initial=balance epsilon=1 month=1 while(True): month=1 balance=initial while(month<=12): test=balance balance+=balance*(annualInterestRate/12) balance=lowpay month+=1 if(balance>0): lowpay+=10 else: break print('Lowest Payment: '+str(lowpay))

This Question is Closed
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.