Answered: This is Python! Instruction: The…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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This is Python!

Instruction: The TidBit Computer Store (Chapter 3, Project 10) has a credit plan for computer purchases. Inputs are the annual interest rate and the purchase price. Monthly payments are 5% of the listed purchase price, minus the down payment, which must be 10% of the purchase price. Write GUI-based program that displays labeled fields for the inputs and a text area for the output. 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. Your program should include separate classes for the model and the view.

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