Language: Python

I need help with number 2 please.

You are purchasing a new car worth $30,000.00 and you are financing for $25,000.00. You want to get the best rate along with best length of time to finance this loan. 1. Write a program that does the following: a. Loan Amount - $25K b. Interest Rate -5% C Calculate for time period of 2 yrs, 3 yrs, 4 yrs and 5 yrs the following (Loan Time Period should be taken from the keyboard as an input): Monthly Payment (Should be a function of its own) (def calc_monthly_pmt] i. Total Amount Paid (Should be a function of its own) def calc_total amount) ill. Total Interest Paid. (Should be a function of its own)[def calc_total_interest) d. Should display the output in the following format: Years Monthly Pmt Total Pmt Interest Paid ($x.xx) ($x.xx) ($x.xx) $ 1096.78 $ 749.27 $575.73 $471.78 WN Use the formula below: Per(PV) 1-(1 + r) P= Payment PV = Present Value r=rate per period n = number of periods 2. Do the same problem above when the time is fixed to 5 years but calculate the values for varying rates of 3%, 4%, 5%, 6%