Question: 4. The credit plan at TidBit Computer Store specifies a 10% down payment and an annual interest rate of 12%. Monthly payments are 5% of

4. 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.


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