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Java The TidBit Computer Store has a credit plan for computer purchases. There is a 10 percent down payment and an annual interest rate of
Java
The TidBit Computer Store has a credit plan for computer purchases. There is a 10 percent down payment and an annual interest rate of 12 percent. Monthly payments are 5 percent of the listed purchase price minus the down payment. Write a program that takes the purchase price as input. The program should display a table of the payment schedule for the lifetime of the loan Use appropriate headers. Each row of the table should contain the following items Month number (beginning with 1) Current total balance owed Interest owed for that month Amount of principal owed for that month Payment for that montlh 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 cqual to the monthly payment minus the interest owed Step by Step Solution
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