This is for python 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 takes the purchase price as input. The program should display a table, with appropriate headers, 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.

Many prestigious universities have a system called a “legacy preference system” which is used to decide which applicants should be accepted to the university. if an applicant’s parent is an alumnus of the university, the applicant will be admitted with lower gpa and sat scores than if the parent is not an alumnus. (there is currently a lot of discussion about the fairness of this system, but universities get a lot of money from their alumni so they are unwilling to change ) your assignment for mp2 is to implement a computerized system like this for a very small prestigious university. the university has two schools, liberal arts and music, each with their own criteria for accepting students. your program must read in certain information about an applicant and print a message saying whether the applicant should be accepted or not.