Created
February 3, 2018 20:09
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MIT: Introduction to Computer Science and Programming in Python : problem set 2 problem c
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| original_salary = float(input("Enter annual salary ")) | |
| house_cost_in_millions = int(input("Enter House cost in millions ")) | |
| house_cost = house_cost_in_millions * 1000000 | |
| down_payment = 0.25*house_cost | |
| semi_annual_raise = 0.07 | |
| annual_investment_return = 0.04 | |
| delta = 101 | |
| low = 0 | |
| high = 1000 | |
| total_years = int(input("Enter total number of years ")) | |
| total_max_months = total_years * 12 | |
| savings = 0 | |
| steps =0 | |
| best_savings_rate = (low+high)/2.0 | |
| while(delta>100): | |
| annual_salary = original_salary | |
| monthly_salary = annual_salary/12 | |
| months=0 | |
| savings=0 | |
| while(months<total_max_months): | |
| if (months!=0) and (months%6==0): | |
| annual_salary = annual_salary + (annual_salary*semi_annual_raise) | |
| monthly_salary = annual_salary/12 | |
| savings = savings + (savings*(annual_investment_return/12)) | |
| savings = savings + monthly_salary * (best_savings_rate/100) | |
| months+=1 | |
| delta = abs(savings-down_payment) | |
| if (savings>down_payment): | |
| high = best_savings_rate | |
| else: | |
| low = best_savings_rate | |
| best_savings_rate = (low+high)/2 | |
| steps+=1 | |
| if (best_savings_rate<=100): | |
| print("best savings rate {:.4f}".format(best_savings_rate/100)) | |
| print("steps {}".format(steps)) | |
| save_annually = original_salary*(best_savings_rate/100) | |
| print("You need to save ${:.4f} per year".format(save_annually)) | |
| else: | |
| print("It is not possible to pay the down payment in three years") |
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