Computers and Technology
Computers and Technology, 21.10.2020 19:01, mprjug6

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. Write a program 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 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.

An example of the program input and output is shown below:

Enter the puchase price: 200

Month Starting Balance Interest to Pay Principal to Pay Payment Ending Balance
1 180.00 1.80 7.20 9.00 172.80
2 172.80 1.73 7.27 9.00 165.53
3 165.53 1.66 7.34 9.00 158.18
4 158.18 1.58 7.42 9.00 150.77
5 150.77 1.51 7.49 9.00 143.27
6 143.27 1.43 7.57 9.00 135.71
7 135.71 1.36 7.64 9.00 128.06
8 128.06 1.28 7.72 9.00 120.34
9 120.34 1.20 7.80 9.00 112.55
10 112.55 1.13 7.87 9.00 104.67
11 104.67 1.05 7.95 9.00 96.72
12 96.72 0.97 8.03 9.00 88.69
13 88.69 0.89 8.11 9.00 80.57
14 80.57 0.81 8.19 9.00 72.38
15 72.38 0.72 8.28 9.00 64.10
16 64.10 0.64 8.36 9.00 55.74
17 55.74 0.56 8.44 9.00 47.30
18 47.30 0.47 8.53 9.00 38.77
19 38.77 0.39 8.61 9.00 30.16
20 30.16 0.30 8.70 9.00 21.46
21 21.46 0.21 8.79 9.00 12.68
22 12.68 0.13 8.87 9.00 3.80
23 3.80 0.00 3.80 3.80 0.00

answer
Answers: 1

Other questions on the subject: Computers and Technology

image
Computers and Technology, 22.06.2019 20:00, bowmanari2154
What is used to analyze and summarize your data without graphical support
Answers: 1
image
Computers and Technology, 23.06.2019 12:00, anamatiascamaja
If you embed a word table into powerpoint, what happens when you make edits to the embedded data? a. edits made to embedded data change the data in the source file; however, edits made to the source file will not be reflected in the embedded data. b. edits made to embedded data will change the data in the source file, and edits made to the source file will be reflected in the embedded data. c. edits made to embedded data don't change the data in the source file, nor will edits made to the source file be reflected in the embedded data. d. edits made to embedded data don't change the data in the source file; however, edits made to the source file will be reflected in the embedded data.
Answers: 1
image
Computers and Technology, 23.06.2019 15:00, puppylove899
Barbara is interested in pursuing a career in the science and math pathway. which qualifications will her reach that goal? a. an advanced knowledge of physics and math b. an advanced knowledge of engineering and math c. an advanced knowledge of physics and robotics an d. advanced knowledge of machinery and math
Answers: 1
image
Computers and Technology, 24.06.2019 05:00, alfarodougoy8lvt
Who is most likely be your target audience if you create a slide presentation that had yellow background and purple text
Answers: 2
Do you know the correct answer?
The credit plan at TidBit Computer Store specifies a 10% down payment and an annual interest rate of...

Questions in other subjects:

Konu
Mathematics, 11.03.2020 03:33
Konu
Mathematics, 11.03.2020 03:33