Question

how do I add this program to the body of a for loop so that it reoccur monthly for one year?

Answer 1

##OB = Outstanding Balance
##AIR = Annual Interest Rate
##MMPP = Minimum Monthly Payments Percentage
##MMP = Minimum Mnthly Payments
##IP = Interest Paid
##PP = Principal Paid
##RB = Remaining Balance

OB=int(raw_input("Enter Outstanding Balance:"))
AIR=float(raw_input("Enter Interest Rate(decimal):"))
MMPP=float(raw_input("Enter Minimum Monthly Payment Percent(decimal):"))

print "Month:",

##for each month of the year
##calculate minimum monthly payment
##??ad this amount to the total paid variable

MMP = MMPP*OB

##print the min monthly payment
print "Minimum Monthly Payment:",MMP

##calculate interest paid
IP =(0.18/12.0)*OB

##Print Interest Paid
print "Interest Paid:",IP

##Calculate Principal Paid, PP = Principal Paid
PP = MMP-IP

##print Principal Paid
print "Principal Paid:",PP

##Remaining Balanace
RB = OB-PP

##print Remaining Balance
print "Remaining Balance:",RB

##print total paid

Answer 2

use either a while loop, or for loop:
```
month = 1
while month <= 12:
## do stuff
print month
month += 1
```
or
```
for month in range (1,13):
## do stuff
print month
```
notice that on each iteration, the variable month is updated, so printing out that variable will give the correct number for the month you are on

Answer 3

thanks so much looks like that should be it!