C# Obj-Orient Prog

CS 165 02

Program Assignment 04

Chapter 05

20 Points

Name ___________________________________

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