Receipt of Credit Card

#Python

#Program to calculate receipt of a Credit Card

balance = 4842
annualInterestRate = 0.2
monthlyPaymentRate = 0.04
totalPaid=0.0
 
i=1
while(i<=12):
    monthlyInterestRate=annualInterestRate/12.0
    minimumMonthlyPay=monthlyPaymentRate*balance
    monthlyUnpaidBal=balance-minimumMonthlyPay
    balance=monthlyUnpaidBal+monthlyInterestRate*monthlyUnpaidBal
    totalPaid+=minimumMonthlyPay
    print "Month:", i
    print "Minimum monthly payment:", round(minimumMonthlyPay,2)
    print "Remaining balance:", round(balance,2)
    i+=1
 
print "Total paid:", round(totalPaid,2)
print "Remaining balance:", round(balance,2)