Question: 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 10% down payment and an annual interest rate of 12%. Monthly
payments are 5% of the listed purchase price.
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 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. (LO: 3.2,3.3,3.4)
Instructions
Task 1: Write the
tidbit.py program that displays the correct table information.
An example of the program is shown below:
 The credit plan at TidBit Computer Store specifies a 10% down

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!