Need this code in python.

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. To compute monthly payment, use the below formula. monthlyPayment=1(1+monthlyInterestRate)numberOfYears121loanAmountmonthlyInterestRatetotalPayment=monthlyPaymentnumberOfYears12 Here is a sample run: Enter loan amount, for example 120000.95: 10000.0 Enter number of years as an integer, for example 5: 5 Format all numbers and use appropriate alignment as shown in the table above using the format string