Problem1_PSet2 (final)

#PSet2_Problem 1
#done!

for i in range(12):
    monthlyInterestRate = (annualInterestRate)/12.0
    minimumMonthlyPayment = monthlyPaymentRate * balance
    monthlyUnpaidBalance = balance - minimumMonthlyPayment
    updatedBalance = monthlyUnpaidBalance + (monthlyInterestRate * monthlyUnpaidBalance)

    balance = updatedBalance

print('Remaining balance: ' + str(round(updatedBalance, 2)))