MIT6_00SCS11_ps1

MIT6_00SCS11_ps1.py

def minMonthPayment (minMonthRate, Balance):
    return minMonthRate * Balance

def interestPaid    (AnnualRate, Balance):
    return AnnualRate / 12.0 * Balance

def principalPaid   (minMonthPay, interestPaid):
    return minMonthPay - interestPaid

def remainingBalance (Balance, principalPaid):
    return Balance - principalPaid

def printDetails (mininumPayment, interestPd, principalPd, remainingBal, month):
    print ("month " + str (month + 1))
    print ("Mininum monthly payment: $" + str ( round (mininumPayment, 2)))
    print ("Principle Paid: $" + str ( round (principalPd, 2)))
    print ("Remaining Balance: $" + str ( round (remainingBal, 2)))

def calculateDebt (Balance, AnnualRate, mininumRate):
    month = 0
    prevBal = 0.0

    totalPaid = 0.0; mininumPayment = 0.0; interestPd = 0.0
    principalPd = 0.0; remainingBal = 0.0

    for month in range (12):
        if (month == 0):
            mininumPayment = minMonthPayment (mininumRate, Balance)
            interestPd = interestPaid (AnnualRate, Balance)
            principalPd = principalPaid (mininumPayment, interestPd)
            remainingBal = remainingBalance (Balance, principalPd)
            prevBal = remainingBal
        else:
            mininumPayment = minMonthPayment (mininumRate, prevBal)
            interestPd = interestPaid (AnnualRate, prevBal)
            principalPd = principalPaid (mininumPayment, interestPd)
            remainingBal = remainingBalance (prevBal, principalPd)
            prevBal = remainingBal

        totalPaid += interestPd + principalPd

        printDetails (mininumPayment, interestPd, principalPd, remainingBal, month)


    print ("Result")
    print ("Total Amount Paid: " + str ( round (totalPaid, 2)))
    print ("Remaining Balance: " + str ( round (remainingBal, 2)))
        

Balance = 0.0
AnnualRate = 0.0
mininumRate = 0.0

Balance = float(input("enter your current balance in your credit card: "))
AnnualRate = float(input("enter your annualRate: "))
mininumRate = float(input("enter your mininumRate: "))

calculateDebt (Balance, AnnualRate, mininumRate)