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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) |