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anonymous
 one year ago
I need help on problem 1 part 2 I know you have to do a for loop for the monthly payment and a nested for loop for the months but something about my code is not right:
x = float(raw_input('Enter the outstanding balance on your credit card: '))
y = float(raw_input('Enter the annual credit card interest rate as a decimal: '))
MMP = 0
MIR = y/12.0
month = 0
for MMP in range(0, 1200, 10):
NB = x*(1+MIR)  MMP
for i in range(1, 13):
NB = x*(1+MIR)  MMP
x = NB
print NB
print MMP
if NB >= 0:
month += 1
else:
break
anonymous
 one year ago
I need help on problem 1 part 2 I know you have to do a for loop for the monthly payment and a nested for loop for the months but something about my code is not right: x = float(raw_input('Enter the outstanding balance on your credit card: ')) y = float(raw_input('Enter the annual credit card interest rate as a decimal: ')) MMP = 0 MIR = y/12.0 month = 0 for MMP in range(0, 1200, 10): NB = x*(1+MIR)  MMP for i in range(1, 13): NB = x*(1+MIR)  MMP x = NB print NB print MMP if NB >= 0: month += 1 else: break

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.0and it cut off my print code but I have that below the else: break part

amistre64
 one year ago
Best ResponseYou've already chosen the best response.0what is it spose to do? and what is it doing?

Jaynator495
 one year ago
Best ResponseYou've already chosen the best response.2Welcome To OpenStudy! Here you will find great helpers and friends, a community of students that help students! We hope you enjoy the experience!

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Use a for loop within a while loop. Set the while loop condition so that it will terminate when the balance hits 0 or less. This is how i wrote it: out_balance = float(raw_input("Enter the outstanding balance on your credit card: ")) annual_interest = float(raw_input("Enter the annual credit card interest rate as a decimal: ")) monthly_interest = (annual_interest/12.0) + 1.0 min_pay = 0 updated_balance = out_balance while updated_balance = out_balance: updated_balance = out_balance min_pay += 10 for month in range(1, 13): updated_balance = updated_balance * monthly_interest  min_pay if updated_balance <= 0.0: break print "RESULT" print "Monthly payment to pay off debt in 1 year: " , min_pay print "Number of months needed: " , month print "Balance: " , round(updated_balance, 2)

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Thank you so much, that was very helpful! Although I will say it didn't work until I changed the while loop to: while updated_balance >= 0: etc. etc.
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