Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

N.B alignment should not change if numbers change Please do not use PrettyTable. A motor vehicle company has a financing option for car purchases. 1.

image text in transcribed

N.B alignment should not change if numbers change

Please do not use PrettyTable.

A motor vehicle company has a financing option for car purchases. 1. Write the pseudocode for a program that takes car price as input and prints (displays) a table of scheduled installments. The table should include appropriate headers. Each row in the table should display the following information: month, year, starting balance, payment, ending balance, and remaining installments. (10 points) The annual interest rate is 6% The down payment is 10% of the care price. The balance must be paid in can be paid in either 24 or 36 months (2 or 3 years). The choice is made by the user at the beginning Initial balance = (purchase price - down payment) + ((purchase price - down payment) * 0.06* (2 or 3 years)) Monthly payment = initial balance /months 2. Write a python program for the pseudocode you wrote for part 1. (50 points) N.B. your code should show appropriate use of naming conventions, formatting, and comments. In addition, your code should show appropriate use variables, formulas (calculating a remainder), loops, and if conditions. i.e. If the purchase price is $10,000 and the payment is made in 2 years, the result should be as follows: Month Year Remaining Installments SOOJU Starting Balance Installment Ending Balance 10090.00 420.00 9660.00 9660.00 420.00 9240.00 9240.00 420.00 8820.00 8820.00 420.00 8400.00 8400.00 420.00 7990.00 7980.00 420.00 7560.00 7560.00 420.00 7140.00 7140.00 420.00 6720.00 6720.00 420.00 6300.00 6300.00 420.00 58 80.00 5880.00 420.00 5460.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Database Design For Mere Mortals

Authors: Michael J Hernandez

4th Edition

978-0136788041

More Books

Students also viewed these Databases questions