The credit plan at TidBit Computer Store specifies a 10% The amount of principal for a month is equal to the monthly payment minus the interest owed. down payment and an annual interest rate of 12%. An example of the program input and output is shown below: Monthly payments are 5% of the listed purchase price, minus the down payment. Enter the puchase price: 200 Write a program that takes the purchase price as input. Month Starting Balance Interest to Pay Principal to Pay Payment Ending Balance The program should display a table, with appropriate 1 180.00 1.80 7.20 9.00 172.80 2 172.80 1.73 7.27 9.00 165.53 headers, of a payment schedule for the lifetime of the 3 165.53 1.66 7.34 9.00 158.18 loan. Each row of the table should contain the following 4 158.18 1.58 7.42 9.00 150.77 150.77 1.51 7.49 9.00 143.27 items: 6 143.27 1.43 7.57 9.00 135.71 7. 135.71 1.36 7.64 9.00 128.06 1. The month number (beginning with 1) 8 128.06 1.28 7.72 9.00 120.34 9 120.34 1.20 7.80 9.00 112.55 2. The current total balance owed 10 112.55 1.13 7.87 9.00 104.67 11 104.67 1.05 7.95 9.00 96.72 3. The interest owed for that month 12 96.72 0.97 8.03 9.00 88.69 13 88.69 0.89 8.11 9.00 80.57 4. The amount of principal owed for that month 14 80.57 0.81 8.19 9.00 72.38 15 72.38 0.72 8.28 9.00 64.10 55.74 5. The payment for that month 16 64.10 0.64 8.36 9.00 47.30 17 55.74 0.56 8.44 9.00 38.77 6. The balance remaining after payment 18 47.30 0.47 8.53 9.00 30.16 19 38.77 0.39 8.61 9.00 21.46 20 30.16 0.30 8.70 9.00 The amount of interest for a month is equal to balance x 21.46 12.68 21 0.21 8.79 9.00 3.80 rate / 12. 22 12.68 0.13 8.87 9.00 0.00 23 3.80 0.00 3.80 3.80 tidbit.py The amount of principal for a month is equal to the 1 # Put your code here 2 ANNUAL_RATE = .12 monthly payment minus the interest owed. 3 MONTHLY_RATE = ANNUAL_RATE / 12 4 5 purchasePrice = float (input("Enter the purchase price: ")) 6 7 monthlyPayment = .05 • (purchasePrice -(.10 • purchasePrice)) 8 month = 1 9 balance = purchasePrice 10 print("Month Starting Balance Interest to Pay Principal to Pay Payment Ending Balance") 11 while balance > 0: if monthlyPayment > balance: monthlyPayment = balance interest = o 12 13 14 15 else: 16 interest = balance MONTHLY_RATE principal = monthlyPayment - interest remaining = balance - monthlyPayment 17 18 19 print("%2d%15.2f%15.2f%17.2f%17.2f%17.2f" 20 (month, balance, interest, principal, monthlyPayment, remaining)) 21 balance = remaining 22 month 1 23

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7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
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PYTHON CODING

The credit plan at TidBit Computer Store specifies a 10% The amount of principal for a month is equal to the monthly payment minus the interest owed.
down payment and an annual interest rate of 12%.
An example of the program input and output is shown below:
Monthly payments are 5% of the listed purchase price,
minus the down payment.
Enter the puchase price: 200
Write a program that takes the purchase price as input.
Month
Starting Balance
Interest to Pay Principal to Pay Payment
Ending Balance
The program should display a table, with appropriate
180.00
1.80
7.20
9.00
172.80
2
172.80
1.73
7.27
9.00
165.53
headers, of a payment schedule for the lifetime of the
165.53
1.66
7.34
9.00
158.18
loan. Each row of the table should contain the following
158.18
1.58
7.42
9.00
150.77
150.77
1.51
7.49
9.00
143.27
items:
143.27
1.43
7.57
9.00
135.71
7
135.71
1.36
7.64
9.00
128.06
128.06
1.28
7.72
9.00
1. The month number (beginning with 1)
120.34
120.34
1.20
7.80
9.00
112.55
2. The current total balance owed
10
112.55
1.13
7.87
9.00
104.67
11
104.67
1.05
7.95
9.00
96.72
3. The interest owed for that month
12
96.72
0.97
8.03
9.00
88.69
13
88.69
0.89
8.11
9.00
80.57
72.38
4. The amount of principal owed for that month
14
80.57
0.81
8.19
9.00
15
72.38
0.72
8.28
9.00
64.10
55.74
5. The payment for that month
16
64.10
0.64
8.36
9.00
47.30
17
55.74
0.56
8.44
9.00
6. The balance remaining after payment
38.77
18
47.30
0.47
8.53
9.00
30.16
19
38.77
0.39
8.61
9.00
21.46
20
30.16
0.30
8.70
9.00
The amount of interest for a month is equal to balance x
0.21
8.79
9.00
12.68
21
21.46
3.80
rate / 12.
22
12.68
0.13
8.87
9.00
0.00
23
3.80
0.00
3.80
3.80
tidbit.py
+
The amount of principal for a month is equal to the
1 # Put your code here
monthly payment minus the interest owed.
2 ANNUAL_RATE = .12
3 MONTHLY_RATE = ANNUAL_RATE / 12
4
5 purchasePrice = float(input("Enter the purchase price: "))
7 monthlyPayment = .05 * (purchasePrice -(.1@ * purchasePrice))
8 month = 1
9 balance = purchasePrice
10 print("Month Starting Balance
Interest to Pay Principal to Pay Payment Ending Balance")
11 while balance > 0:
12
if monthlyPayment > balance:
13
monthlyPayment = balance
14
interest = 0
15
else:
16
interest = balance * MONTHLY_RATE
17
principal = monthlyPayment - interest
18
remaining = balance - monthlyPayment
print("%2d%l5.2f%15.2f%l7.2f%17.2f%l7.2f" % \
19
20
(month, balance, interest, principal, monthlyPayment, remaining))
21
balance = remaining
22
month += 1
23
24
Transcribed Image Text:The credit plan at TidBit Computer Store specifies a 10% The amount of principal for a month is equal to the monthly payment minus the interest owed. down payment and an annual interest rate of 12%. An example of the program input and output is shown below: Monthly payments are 5% of the listed purchase price, minus the down payment. Enter the puchase price: 200 Write a program that takes the purchase price as input. Month Starting Balance Interest to Pay Principal to Pay Payment Ending Balance The program should display a table, with appropriate 180.00 1.80 7.20 9.00 172.80 2 172.80 1.73 7.27 9.00 165.53 headers, of a payment schedule for the lifetime of the 165.53 1.66 7.34 9.00 158.18 loan. Each row of the table should contain the following 158.18 1.58 7.42 9.00 150.77 150.77 1.51 7.49 9.00 143.27 items: 143.27 1.43 7.57 9.00 135.71 7 135.71 1.36 7.64 9.00 128.06 128.06 1.28 7.72 9.00 1. The month number (beginning with 1) 120.34 120.34 1.20 7.80 9.00 112.55 2. The current total balance owed 10 112.55 1.13 7.87 9.00 104.67 11 104.67 1.05 7.95 9.00 96.72 3. The interest owed for that month 12 96.72 0.97 8.03 9.00 88.69 13 88.69 0.89 8.11 9.00 80.57 72.38 4. The amount of principal owed for that month 14 80.57 0.81 8.19 9.00 15 72.38 0.72 8.28 9.00 64.10 55.74 5. The payment for that month 16 64.10 0.64 8.36 9.00 47.30 17 55.74 0.56 8.44 9.00 6. The balance remaining after payment 38.77 18 47.30 0.47 8.53 9.00 30.16 19 38.77 0.39 8.61 9.00 21.46 20 30.16 0.30 8.70 9.00 The amount of interest for a month is equal to balance x 0.21 8.79 9.00 12.68 21 21.46 3.80 rate / 12. 22 12.68 0.13 8.87 9.00 0.00 23 3.80 0.00 3.80 3.80 tidbit.py + The amount of principal for a month is equal to the 1 # Put your code here monthly payment minus the interest owed. 2 ANNUAL_RATE = .12 3 MONTHLY_RATE = ANNUAL_RATE / 12 4 5 purchasePrice = float(input("Enter the purchase price: ")) 7 monthlyPayment = .05 * (purchasePrice -(.1@ * purchasePrice)) 8 month = 1 9 balance = purchasePrice 10 print("Month Starting Balance Interest to Pay Principal to Pay Payment Ending Balance") 11 while balance > 0: 12 if monthlyPayment > balance: 13 monthlyPayment = balance 14 interest = 0 15 else: 16 interest = balance * MONTHLY_RATE 17 principal = monthlyPayment - interest 18 remaining = balance - monthlyPayment print("%2d%l5.2f%15.2f%l7.2f%17.2f%l7.2f" % \ 19 20 (month, balance, interest, principal, monthlyPayment, remaining)) 21 balance = remaining 22 month += 1 23 24
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