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 uses a textbox for the user to enter the purchase price. The program should display a table in a listbox 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.
Add the following comments to the beginning of the program.
Name: Your Name
Class and Section: CS 165 01
Assignment: Program Assignment 04
Due Date:
Date Turned in:
Program Description: You write a short description of what the program will do