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The credit plan at TidBit Computer Store specifies a 1 0 % down payment and an annual interest rate of 1 2 % . Monthly
The credit plan at TidBit Computer Store specifies a down payment and an annual interest rate of Monthly payments are of the listed purchase price, minus the down payment. Write a program in the file tidbit.py that takes the purchase price as input. The program should display a table, with appropriate headers, of a payment schedule for the lifetime of the loan. Each row of the table should contain the following items:
the month number beginning with
the current total balance owed
the interest 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 The amount of principal for a month is equal to the monthly payment minus the interest owed.
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