Question
The credit plan at TidBit Computer Store specifies a 10% down payment and an annual interest rate of 12%. Monthly payments are 5% of the
The credit plan at TidBit Computer Store specifies a 10% down payment and
an annual interest rate of 12%. Monthly payments are 5% of the listed purchase
price, minus the down payment. develop a program that takes the purchase price
as input. The program should display a table, with appropriate headers, of a pay-
ment schedule for the lifetime of the loan. Each row of the table should contain
the following items:
the month number (beginning with 1)
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 / 12. The amount of
principal for a month is equal to the monthly payment minus the interest owed
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