# Problem Set 1b # Name: Steph # Collaborators: # Time Spent: 30min outstandingBalance = float(raw_input('Enter the outstanding balance on your credit card: ')) interestRate = float(raw_input('Enter the annual credit card interest rate as a decimal: ')) monthlyInterestRate = interestRate / 12 balance = outstandingBalance payment = 0 while balance > 0: balance = outstandingBalance payment = payment + 10 for i in range(12): balance = round(balance*(1+monthlyInterestRate),2) - payment if balance < 0: break print('Monthly payment to pay off debt in 1 year:' + str(payment)) print('Number of months needed: ' + str(i+1)) print('Balance:' + str(balance))
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