$($PYTHON$)$ Lab$3$A: Credit Cards. Financial advisors will almost always tell you that you should pay for things in cash and avoid credit card debt. Further, they tell you that you should have a small emergency fund that you keep stocked for emergencies like flat tires, dead refrigerators and so on$.$ However, life doesn$$t always work that way and sometimes we need to charge things to our credit cards. So$,$ for this part of the lab, we$$re going to write a calculator that calculates your minimum monthly payment on your card.

To create this calculator, we will ask the user for the current balance on their credit card and the APR $($Annual Percentage Rate$)$ of the card. To calculate the minimum payment, you will multiply the current balance on the credit card $($also called the amount owed$)$ times APR and divide this number by $12$ since there are $12$ months in a year. The formula is:

Amount Owed $\backslash$times APR $-$: $12=$ Minimum Payment.

The input APR is a percentage, so be sure to divide it by $100$ when calculating the minimum payment. The Monthly Percentage Rate is calculated by dividing the APR by $12$ since there are $12$ months in a year. When printing the monthly percentage rate and the minimum payment, make sure to round them to $3$ and $2$ decimal places, respectively. You can round any float by putting it inside round$()$:

print$($round$(3\mathrm{.}14159,2))$ #prints PI rounded to two decimal places

Below are two example runs. The user input is in bold $($notice the dollar sign is not part of the user input$).$

Sample run $1$: Amount owed: $$2000$ APR: $19\mathrm{.}75$ Monthly percentage rate: $1\mathrm{.}646$ Minimum payment: $$32\mathrm{.}92$

Sample run $2$: Amount owed: $$8500$ APR: $29$ Monthly percentage rate: $2\mathrm{.}417$ Minimum payment: $$205\mathrm{.}42$

I am needing to code this in Python. Here is my solution so far:

owed $=$ float$($input$("$Amount owed: $$"))$

APR $=$ float$($input$("$APR: $"))$

APR$\_$percentage $=$ APR$/100$

monthly$\_$APR $=$ APR$\_$percentage

min$\_$payment $=$ owed$*$APR$\_$percentage$/12$

rounded$\_$monthly$\_$percentage $=$ round$($monthly$\_$APR, $3)$

rounded$\_$min$\_$payment $=$ round$($min$\_$payment, $2)$

print$("$Monthly percentage rate: $"+$ str$($rounded$\_$monthly$\_$percentage$))$

print$("$Minimum payment: $$"+$ str$($rounded$\_$min$\_$payment$))$

I can get the minimum payment calculator correct, but I can't seem to get correct the Monthly Percetage Rate. What am I missing or doing incorrectly for that?