Question
I need help with the Python code for following assignment. In Python please: For this assignment create a computer store app that does financing. For
I need help with the Python code for following assignment. In Python please:
For this assignment create a computer store app that does financing. For example: Tate Computer Store requires 10% down payment, and an annual interest rate of 12%. Monthly payments are 5% of the listed purchase price, minus the down payment.
So write a program that takes the purchase price and down payments as inputs. The program should display a table with appropriate headers, of a payment schedule for the lifetime of the loan. This is a text type table. No graphics. Each row of the table should contain the following:
- the month number starting at 1
- the current total balance owed
- the interested owed for that month
- the amount of principal owed for that month
- the payment for that month
- the balance remaining after payment
The amount of interest for a month is equal to balance * rate / 12. The amount of principal for a month is equal to the monthly payment minus the interest owed.
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