Extra Credit 1

Due: January 18 at 11:55pm
Points: 100

1. (30 points) Take the program “loan2.py” that you wrote for problem 2 of homework 1 and add 3 more columns:
   1. The amount of principle in each payment;
   2. The amount of interest in each payment (so this and the previous should total to the payment); and
   3. The total interest paid so far.

   Input. This program takes the same input as the program “loan2.py” in problem 2, homework 1.

   Output. Your program’s output should look exactly like this:

   The payment schedule for a loan of $5000.00 at 6.5% interest, repaid over 1 year:
   month payment principle interest total int remaining
      1   431.48    404.40    27.08     27.08   4595.60
      2   431.48    406.59    24.89     51.97   4189.01
      3   431.48    408.79    22.69     74.66   3780.22
      4   431.48    411.01    20.47     95.13   3369.21
      5   431.48    413.23    18.25    113.38   2955.98
      6   431.48    415.47    16.01    129.39   2540.51
      7   431.48    417.72    13.76    143.15   2122.79
      8   431.48    419.98    11.50    154.65   1702.81
      9   431.48    422.26     9.22    163.87   1280.55
     10   431.48    424.55     6.93    170.80    856.00
     11   431.48    426.84     4.64    175.44    429.16
     12   431.48    429.16     2.32    177.76      0.00
   

   Submit. Name your program “loanex1.py” and submit it to the Extra Credit 1 area for this class on SmartSite.

Matt Bishop Department of Computer Science University of California at Davis Davis, CA 95616-8562 USA

Last modified: Version of January 5, 2019 at 12:09AM Winter Quarter 2019 You can get a PDF version of this