Answered step by step
Verified Expert Solution
Question
1 Approved Answer
question: Write a program that uses these bounds and bisection search (for more info check out the Wikipedia page here) to find the smallest monthly
question: Write a program that uses these bounds and bisection search (for more info check out the Wikipedia page here) to find the smallest monthly payment to the cent (no more multiples of $10) such that we can pay off the debt within a year. Try it out with large inputs, and notice how fast it is.
Output Phython: Enter the outstanding balance on your credit card: 320000 Enter the annual credit card interest rate as a decimal: .2 RESULT Monthly payment to pay off debt in 1 year: 29643.05 Number of months needed: 12 Balance: -0.1
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started