Question

On Problem Set #1I put in the following;

B0=float(raw_input('What is your oustanding balance? $ '))
IN=float(raw_input('What is your interest rate in decimal form? '))
I=IN/12.0
PMT=10.00

B1=B0*(1+I)-PMT
B2=B1*(1+I)-PMT
B3=B2*(1+I)-PMT
B4=B3*(1+I)-PMT
B5=B4*(1+I)-PMT
B6=B5*(1+I)-PMT
B7=B6*(1+I)-PMT
B8=B7*(1+I)-PMT
B9=B8*(1+I)-PMT
B10=B9*(1+I)-PMT
B11=B10*(1+I)-PMT
B12=round(B11*(1+I)-PMT,2)

## then running a loop on the following with all the above Bx definitions.. there has to be a better way than to run it 12 times?

Also are there solutions on this site? I can't see

Answer 1

also tried the following:

B0=float(raw_input('What is your oustanding balance? $ '))
IN=float(raw_input('What is your interest rate in decimal form? '))
I=IN/12.0
PMT=10.00
B=B0+(1+I)-PMT

while B>0:
PMT = PMT + 10
B=B0+(1+I)-PMT
if B<=0:
print 'RESULT'
print 'Monthly payment needed to pay off in one year:$ '
print PMT
print 'Balance:$ '
print B
print '# of months'
print NM

Answer 2

but it only does one payment at this point... giving me a single payment of 1220

Answer 3

Which problem in Problem Set 1? The first one looks like a and the second item looks like b?

Answer 4

Hi nerwaller, someone posted the solutions online. Thank you for your willingness to help!