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• Practice while loop and formatted output.

The Computer Depot has a financing plan for computer purchases. There is a 10% down payment and an annual interest rate of 12%. Monthly payments are 5% of the listed purchase price minus the down payment. For example, if the purchase price is $1000, then monthly payment is $45 for every month. Write a program to display a table of payment schedule for the lifetime of the loan

The program prompts users to enter the purchase price. The output of the program is a payment schedule table, with appropriate headers. Each row of the table should contain the following items:

• The month number (beginning with 1)
• The current balance (before payment for that month)
• The interest owed for that month
• The payment for that month
• The balance remaining after payment

The balance (before payment) in the first month is the purchase price minus down payment. The amount of interest for a month is equal to balance * rate / 12. For example, if the purchase price is $1000, then for the first month,

• The current balance (before payment for that month) is $900
• The interest owed for that month is $9
• The payment for that month is $45
• The balance remaining after payment is $864

 

User interface specifications:

• Input
  • The program prompts users to enter the purchase price.
• Output
  • Thepayment schedule tableshall have appropriate headers. Each column of the table must be aligned. All money amounts are rounded to two decimal places. For example, 37.777779 should be rounded to 37.78.

Testing:

• Develop at least 2 test cases, calculate the correct results by hand, and then confirm that your program gives the same results. You do not need to submit your test cases.

ComputerScienceExpert

(11)

Status NEW Posted 27 May 2017 03:05 AM My Price 8.00

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file 1495856768-Solutions file 2.docx preview (51 words )

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