Question: (Financial application: compare loans with various interest rates) Write a program that lets the user enter the loan amount and loan period in number of

(Financial application: compare loans with various interest rates)

Write a program that lets the user enter the loan amount and loan period in number of years and displays the monthly and total payments for each interest rate starting from 5% to 8%, with an increment of 1/8.

Sample Run

Loan Amount: 10000

Number of Years: 5

Interest Rate Monthly Payment Total Payment

5.000% 188.71 11322.74

5.125% 189.29 11357.13

5.250% 189.86 11391.59

...

7.875% 202.17 12129.97

8.000% 202.76 12165.84

PYTHON CODING

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