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| 1 | - | """ |
| 1 | + | """ |
| 2 | - | Problem #1 |
| 2 | + | Problem #1 |
| 3 | - | """ |
| 3 | + | """ |
| 4 | - | |
| 4 | + | |
| 5 | - | balance = 42 |
| 5 | + | balance = 42 |
| 6 | - | annualInterestRate = 0.2 |
| 6 | + | annualInterestRate = 0.2 |
| 7 | - | monthlyPaymentRate = 0.04 |
| 7 | + | monthlyPaymentRate = 0.04 |
| 8 | - | |
| 8 | + | |
| 9 | - | def cc_12mo_bal(balance, annualInterestRate, monthlyPaymentRate): |
| 9 | + | def cc_12mo_bal(balance, annualInterestRate, monthlyPaymentRate): |
| 10 | - | """ |
| 10 | + | """ |
| 11 | - | |
| 11 | + | |
| 12 | - | Write a program to calculate the credit card balance after |
| 12 | + | Write a program to calculate the credit card balance after |
| 13 | - | one year if a person only pays the minimum monthly |
| 13 | + | one year if a person only pays the minimum monthly |
| 14 | - | payment required by the credit card company each month. |
| 14 | + | payment required by the credit card company each month. |
| 15 | - | |
| 15 | + | |
| 16 | - | """ |
| 16 | + | """ |
| 17 | - | Monthly_Int_Rate = annualInterestRate / 12 |
| 17 | + | Monthly_Int_Rate = annualInterestRate / 12 |
| 18 | - | Min_Monthly_Pmt = monthlyPaymentRate * balance |
| 18 | + | Min_Monthly_Pmt = monthlyPaymentRate * balance |
| 19 | - | Monthly_Unpaid_Bal = balance - Min_Monthly_Pmt |
| 19 | + | Monthly_Unpaid_Bal = balance - Min_Monthly_Pmt |
| 20 | - | Updated_bal = Monthly_Unpaid_Bal + (Monthly_Int_Rate * Monthly_Unpaid_Bal) |
| 20 | + | Updated_bal = Monthly_Unpaid_Bal + (Monthly_Int_Rate * Monthly_Unpaid_Bal) |
| 21 | - | if hasattr(cc_12mo_bal, "count"): |
| 21 | + | if hasattr(cc_12mo_bal, "count"): |
| 22 | - | cc_12mo_bal.count += 1 |
| 22 | + | cc_12mo_bal.count += 1 |
| 23 | - | else: |
| 23 | + | else: |
| 24 | - | cc_12mo_bal.count = 1 |
| 24 | + | cc_12mo_bal.count = 1 |
| 25 | - | if cc_12mo_bal.count == 12: |
| 25 | + | if cc_12mo_bal.count == 12: |
| 26 | - | return print("Remaining balance: " + str(round(Updated_bal, 2))) |
| 26 | + | return print("Remaining balance: " + str(round(Updated_bal, 2)))
|
| 27 | - | else: |
| 27 | + | else: |
| 28 | - | return cc_12mo_bal(Updated_bal, annualInterestRate, monthlyPaymentRate) |
| 28 | + | return cc_12mo_bal(Updated_bal, annualInterestRate, monthlyPaymentRate) |
| 29 | - | |
| 29 | + | |
| 30 | - | cc_12mo_bal(balance, annualInterestRate, monthlyPaymentRate) |
| 30 | + | cc_12mo_bal(balance, annualInterestRate, monthlyPaymentRate) |
| 31 | - | |
| 31 | + | |
| 32 | - | """ |
| 32 | + | """ |
| 33 | - | Problem #2 |
| 33 | + | Problem #2 |
| 34 | - | """ |
| 34 | + | """ |
| 35 | - | |
| 35 | + | |
| 36 | - | def cc_12mo_payoff(balance, annualInterestRate, \ |
| 36 | + | def cc_12mo_payoff(balance, annualInterestRate, \ |
| 37 | - | increment = 10, epsilon = 10, \ |
| 37 | + | increment = 10, epsilon = 10, \ |
| 38 | - | guess = 10, \ |
| 38 | + | guess = 10, \ |
| 39 | - | num_guesses = 12): |
| 39 | + | num_guesses = 12): |
| 40 | - | """ |
| 40 | + | """ |
| 41 | - | |
| 41 | + | |
| 42 | - | Write a program that calculates the minimum fixed monthly payment |
| 42 | + | Write a program that calculates the minimum fixed monthly payment |
| 43 | - | needed in order pay off a credit card balance within 12 months. |
| 43 | + | needed in order pay off a credit card balance within 12 months. |
| 44 | - | By a fixed monthly payment, we mean a single number which does |
| 44 | + | By a fixed monthly payment, we mean a single number which does |
| 45 | - | not change each month, but instead is a constant amount that will |
| 45 | + | not change each month, but instead is a constant amount that will |
| 46 | - | be paid each month. |
| 46 | + | be paid each month. |
| 47 | - | |
| 47 | + | |
| 48 | - | """ |
| 48 | + | """ |
| 49 | - | |
| 49 | + | |
| 50 | - | def pmt_trial(balance, annualInterestRate, num_guesses, \ |
| 50 | + | def pmt_trial(balance, annualInterestRate, num_guesses, \ |
| 51 | - | guess = round((balance*(1+annualInterestRate/12)**12)*.0833333,-1)): |
| 51 | + | guess = round((balance*(1+annualInterestRate/12)**12)*.0833333,-1)): |
| 52 | - | Monthly_Int_Rate = annualInterestRate / 12 |
| 52 | + | Monthly_Int_Rate = annualInterestRate / 12 |
| 53 | - | Monthly_Unpaid_Bal = balance - guess |
| 53 | + | Monthly_Unpaid_Bal = balance - guess |
| 54 | - | Updated_bal = Monthly_Unpaid_Bal + (Monthly_Int_Rate * Monthly_Unpaid_Bal) |
| 54 | + | Updated_bal = Monthly_Unpaid_Bal + (Monthly_Int_Rate * Monthly_Unpaid_Bal) |
| 55 | - | if num_guesses == 1: |
| 55 | + | if num_guesses == 1: |
| 56 | - | return Updated_bal |
| 56 | + | return Updated_bal |
| 57 | - | else: |
| 57 | + | else: |
| 58 | - | return pmt_trial(Updated_bal, annualInterestRate, num_guesses - 1, guess) |
| 58 | + | return pmt_trial(Updated_bal, annualInterestRate, num_guesses - 1, guess) |
| 59 | - | |
| 59 | + | |
| 60 | - | Updated_bal = pmt_trial(balance, annualInterestRate, num_guesses, guess) |
| 60 | + | Updated_bal = pmt_trial(balance, annualInterestRate, num_guesses, guess) |
| 61 | - | |
| 61 | + | |
| 62 | - | if Updated_bal <= 0: |
| 62 | + | if Updated_bal <= 0: |
| 63 | - | print("Lowest Payment: " + str(guess)) |
| 63 | + | print("Lowest Payment: " + str(guess))
|
| 64 | - | else: |
| 64 | + | else: |
| 65 | - | return cc_12mo_payoff(balance, annualInterestRate, guess = guess + increment) |
| 65 | + | return cc_12mo_payoff(balance, annualInterestRate, guess = guess + increment) |
| 66 | - | |
| 66 | + | |
| 67 | - | cc_12mo_payoff(balance, annualInterestRate) |
| 67 | + | cc_12mo_payoff(balance, annualInterestRate) |
| 68 | - | |
| 68 | + | |
| 69 | - | |
| 69 | + | |
| 70 | - | """ |
| 70 | + | """ |
| 71 | - | Problem #3 |
| 71 | + | Problem #3 |
| 72 | - | """ |
| 72 | + | """ |
| 73 | - | |
| 73 | + | |
| 74 | - | def cc_12mo_payoff(balance, annualInterestRate, lower_bound = 0, \ |
| 74 | + | def cc_12mo_payoff(balance, annualInterestRate, lower_bound = 0, \ |
| 75 | - | upper_bound = 0, guess = 10, num_guesses = 12, epsilon = .01): |
| 75 | + | upper_bound = 0, guess = 10, num_guesses = 12, epsilon = .01): |
| 76 | - | """ |
| 76 | + | """ |
| 77 | - | |
| 77 | + | |
| 78 | - | Write a program that uses these bounds and bisection search (for more info |
| 78 | + | Write a program that uses these bounds and bisection search (for more info |
| 79 | - | check out the Wikipedia page on bisection search) to find the smallest |
| 79 | + | check out the Wikipedia page on bisection search) to find the smallest |
| 80 | - | monthly payment to the cent (no more multiples of $10) such that we can |
| 80 | + | monthly payment to the cent (no more multiples of $10) such that we can |
| 81 | - | pay off the debt within a year. Try it out with large inputs, and notice |
| 81 | + | pay off the debt within a year. Try it out with large inputs, and notice |
| 82 | - | how fast it is (try the same large inputs in your solution to Problem 2 to |
| 82 | + | how fast it is (try the same large inputs in your solution to Problem 2 to |
| 83 | - | compare!). Produce the same return value as you did in Problem 2. |
| 83 | + | compare!). Produce the same return value as you did in Problem 2. |
| 84 | - | |
| 84 | + | |
| 85 | - | """ |
| 85 | + | """ |
| 86 | - | Monthly_Int_Rate = annualInterestRate / 12 |
| 86 | + | Monthly_Int_Rate = annualInterestRate / 12 |
| 87 | - | |
| 87 | + | |
| 88 | - | if lower_bound == 0 and upper_bound == 0: |
| 88 | + | if lower_bound == 0 and upper_bound == 0: |
| 89 | - | lower_bound = balance / 12 |
| 89 | + | lower_bound = balance / 12 |
| 90 | - | upper_bound = balance * ((1+Monthly_Int_Rate)**12)/12.0 |
| 90 | + | upper_bound = balance * ((1+Monthly_Int_Rate)**12)/12.0 |
| 91 | - | guess = (upper_bound + lower_bound) / 2 |
| 91 | + | guess = (upper_bound + lower_bound) / 2 |
| 92 | - | else: |
| 92 | + | else: |
| 93 | - | guess = (upper_bound + lower_bound) / 2 |
| 93 | + | guess = (upper_bound + lower_bound) / 2 |
| 94 | - | |
| 94 | + | |
| 95 | - | def pmt_trial(balance, annualInterestRate, num_guesses, guess): |
| 95 | + | def pmt_trial(balance, annualInterestRate, num_guesses, guess): |
| 96 | - | Monthly_Unpaid_Bal = balance - guess |
| 96 | + | Monthly_Unpaid_Bal = balance - guess |
| 97 | - | Updated_bal = Monthly_Unpaid_Bal + \ |
| 97 | + | Updated_bal = Monthly_Unpaid_Bal + \ |
| 98 | - | (Monthly_Int_Rate * Monthly_Unpaid_Bal) |
| 98 | + | (Monthly_Int_Rate * Monthly_Unpaid_Bal) |
| 99 | - | if num_guesses == 1: |
| 99 | + | if num_guesses == 1: |
| 100 | - | return Updated_bal |
| 100 | + | return Updated_bal |
| 101 | - | else: |
| 101 | + | else: |
| 102 | - | return pmt_trial(Updated_bal, annualInterestRate, \ |
| 102 | + | return pmt_trial(Updated_bal, annualInterestRate, \ |
| 103 | - | num_guesses - 1, guess) |
| 103 | + | num_guesses - 1, guess) |
| 104 | - | |
| 104 | + | |
| 105 | - | Updated_bal = pmt_trial(balance, annualInterestRate, num_guesses, guess) |
| 105 | + | Updated_bal = pmt_trial(balance, annualInterestRate, num_guesses, guess) |
| 106 | - | |
| 106 | + | |
| 107 | - | if Updated_bal <= 0 and Updated_bal >= -0.01: |
| 107 | + | if Updated_bal <= 0 and Updated_bal >= -0.01: |
| 108 | - | print("Lowest Payment: " + str(round(guess,2))) |
| 108 | + | print("Lowest Payment: " + str(round(guess,2)))
|
| 109 | - | elif Updated_bal > 0: |
| 109 | + | elif Updated_bal > 0: |
| 110 | - | return cc_12mo_payoff(balance, annualInterestRate, |
| 110 | + | return cc_12mo_payoff(balance, annualInterestRate, |
| 111 | - | lower_bound = guess, upper_bound = upper_bound) |
| 111 | + | lower_bound = guess, upper_bound = upper_bound) |
| 112 | - | else: |
| 112 | + | else: |
| 113 | - | return cc_12mo_payoff(balance, annualInterestRate, \ |
| 113 | + | return cc_12mo_payoff(balance, annualInterestRate, \ |
| 114 | - | lower_bound = lower_bound, upper_bound = guess) |
| 114 | + | lower_bound = lower_bound, upper_bound = guess) |
| 115 | - | |
| 115 | + | |
| 116 | cc_12mo_payoff(999999, 0.18) |