Python While loop Problems - python-3.x

Question

I need a little help with this while loop. I have my Initial balance and a current balance. Is what I am trying to do is after the first initial balance the current balance needs to become the Initial and so on.
InitalPrice = float(input("Enter the Price of the Computer: "))
Month = 0
AnInterest = (InitalPrice - InitalPrice * .10) * .01 / 12
MonthlyPayment = (InitalPrice - InitalPrice * .10) * 0.05
Principal = MonthlyPayment - AnInterest
print("%0s%20s%20s%20s%13s%23s" %("Month", "Current Balance", "Interest Owed", "Principal Owed", "Payment", "Balance Remaining"))
while MonthlyPayment >= 0:
Month += 1
InitalPrice = InitalPrice - InitalPrice * .10
Balance = InitalPrice + AnInterest - MonthlyPayment
print("%0d Months%20.2f%20.3f%20.2f%13.2f%23.2f" %(Month, InitalPrice, AnInterest, Principal, MonthlyPayment, Balance))
if Balance <= 0:
break

Answer 1

Based on your description, I think this is more along the lines of what you are trying to do. I could be wrong about how the economics of a loan like this works, but I think you subtract the principal from the loan each month, recalculate your interest owed, and continue until you've payed off the entire balance. Let me know if this is wrong.
# Total price
price = float(input("Total computer cost:"))
# Price after down payment
remaining_price = (price * 0.9)
# Monthly payment (5 percent of remaining price)
monthly_payment = remaining_price * 0.05
# Interest owed for this month
interest_owed = remaining_price * (.12/12.0)
# Principal for this month
principal = monthly_payment - interest_owed
# Month
month = 0
# Print stuff
print("%0d Months%20.2f%20.3f%20.2f%13.2f%23.2f" %(month, price, interest_owed, principal, monthly_payment, remaining_price))
while remaining_price > 0:
month += 1
remaining_price -= principal
interest_owed = remaining_price * (.12/12.0)
principal = monthly_payment - interest_owed
print("%0d Months%20.2f%20.3f%20.2f%13.2f%23.2f" %(month, price, interest_owed, principal, monthly_payment, remaining_price))
There may be the edge case of the last month where you have officially paid off the balance, but I'm not sure how interest is calculated in that case.