PYTHON!!! 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 (SEE IMAGE FOR PURCHASE PRICE CHART) Results you should get: Input: 200
Max Function
Statistical function is of many categories. One of them is a MAX function. The MAX function returns the largest value from the list of arguments passed to it. MAX function always ignores the empty cells when performing the calculation.
Power Function
A power function is a type of single-term function. Its definition states that it is a variable containing a base value raised to a constant value acting as an exponent. This variable may also have a coefficient. For instance, the area of a circle can be given as:
PYTHON!!!
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
(SEE IMAGE FOR PURCHASE PRICE CHART)
Results you should get:
Input: 200
Output: Purchase price: 200
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