I'm fairly new to writing bash and I'm a bit confused on the errors/problem with my code. I have two main problems. In case P) I would like to see if a certain file exist. If it exist I would like to update the balance with the newbalance. 
P) read -p "Enter email: " email
   read -p "Enter payment amount: " payment
   newbalance=$(echo $payment + $balance | bc)
   if [ -f $email ]; then
       sed -i "s/$balance/$newbalance/" $email
       #also tried
       #find . -type f -name "$email" -exec sed -i "s/${balance}{newbalance}/" {} \;
   else
       echo -e "Error: customer not found\n\n"
   fi
   balance=$newbalance
   continue
   ;;
when I try to read in a payment such as 100.00 I receive an error:
(standard_in) 2: syntax error
sed: -e expression #1, char 0: no previous regular expression
The file format its self is pretty simple and the balance only appears once.
email  name
apt-XX rent balance duedate
The code worked when I redirected echo's to modify the file. Now that I've tried to implement sed the code has stopped working, I'm unsure of what is causing it. I've tried using find with sed but that isn't working either. I've looked at multiple stack overflow questions but the examples are similar to mine.
This is one of the files I'm dealing with
jboat@xyz.com John Boat
APT-5B 1100.00 100.00 2017-10-02
 
     
    