Question: In Python, create a program that asks the user to enter a loan amount, the rate of interest (between 0 & 1), and the number
In Python, create a program that asks the user to enter a loan amount, the rate of interest (between 0 & 1), and the number of months for the loan duration Calculate the monthly repayment amount using the following formula: P = x*y/(1-(1+x)**-w) where x = monthly interest rate (between 0 and 1) y = loan amount w = number of months for the repayment or the loan duration Create a function for the monthly payment called Payment which has three input parameters x, y, and w, and one output parameter P the monthly payment amount. Use the function in main to gather the input parameters and print out the output parameter in a user-friendly message. Error out if r = 1. Error out if n 600. Error out if L
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