begBal=int(raw_input('Enter your beginning balance: ')) annInterstRate=float(raw_input('Enter your interest rate as a decimal ')) epsilon=0.01 low=begBal/12 prevBal=begBal high=begBal*(1+(annInterstRate/12))**12 minMonthlyPayment=(low+high)/2.0 while (minMonthlyPayment*12)-begBal = epsilon and minMonthlyPayment

Question

begBal=int(raw_input('Enter your beginning balance: '))
annInterstRate=float(raw_input('Enter your interest rate as a decimal '))
epsilon=0.01
low=begBal/12
prevBal=begBal
high=begBal*(1+(annInterstRate/12))**12
minMonthlyPayment=(low+high)/2.0

while (minMonthlyPayment*12)-begBal >= epsilon and minMonthlyPayment <= begBal:
    if minMonthlyPayment*12<begBal:
        low = minMonthlyPayment
    else:
        high = minMonthlyPayment
    minMonthlyPayment=(low+high)/2.0
minMonthlyPayment=round(minMonthlyPayment,2)
print 'Minimum Monthly Payment is: '+str(minMonthlyPayment)

anonymous · Answer

problem sets from second lecture, paying off debt. third part, I suppose it should be saved as ps1c.py if I were to comply with pdf instructions. though its third set of exercises to complete