balance = 4213 monthlyPaymentRate = 0.04 annualInterestRate = 0.20 monthlyInterestRate = annualInterestRate / 12.0 totalpaid = 0 for i in range(1,13): #def monthlyPayment(): # x = balance * monthlyPaymentRate # return x monthlyPayment = balance * monthlyPaymentRate totalpaid += monthlyPayment balance = balance - monthlyPayment balance = balance + (balance * monthlyInterestRate) print "Month:", i print "Minimum monthly payment:", round(monthlyPayment,2) print "Remaining balance:", round(balance,2) print "Total paid:", round(totalpaid, 2) print "Remaining balance:", round(balance, 2)
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