Question: Create a Pyhthon RAPTOR flowchart-based program for The credit plan at TidBit Computer Store specifies a 10% down payment and an annual interest rate of

Create a Pyhthon RAPTOR flowchart-based program for

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 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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!