''' Problem Set 2, Problem 2 Write a program that calculates the minimum fixed monthly payment needed in order pay off a credit card balance within 12 months. ''' # Test Case 1 balance = 3329 annualInterestRate = 0.2 # startBalance = balance monthlyInterestRate = annualInterestRate/12.0 minMonthlyPayment = 0 while(balance >= 0): minMonthlyPayment += 10 balance = startBalance monthlyUnpaidBalance = 0 for month in range(1,13): monthlyUnpaidBalance = balance - minMonthlyPayment balance = monthlyUnpaidBalance + (monthlyInterestRate * monthlyUnpaidBalance) lowestPayment = minMonthlyPayment print('Lowest Payment: ' + str(lowestPayment))
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