Computer Store

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 02

Assignment:

Program Assignment 04

Due Date:

See above

Date Turned in:

Program Description:

You write a short description of what the program will do