Question: PYTHON CODE PLEASE CSC110 QT For 5 points Here is a formula for computing monthly payments for a loan (for example: a car loan): Payment

PYTHON CODE PLEASE CSC110 QT For 5 points Here is a

PYTHON CODE PLEASE

CSC110 QT For 5 points Here is a formula for computing monthly payments for a loan (for example: a car loan): Payment = Rate * (1+ Rate)^* ((1+ Rate)^ 1) Where: L: Loan Amount Rate: Monthly Interest Rate as a fraction (ex: 0.01 for 1%) N: Number of Payments Payment: is the monthly payment Write a Python module (loan.py) that assigns values to Loan Amount, Monthly Interest Rate and Number of payments, using the above formula, computes the monthly payment. For example: if Loan amount is $10000, Monthly Interest Rate is 0.01 (or 12% annual interest rate), the number of payments is 36, Monthly payment should be $332.14. Verify that your program works correctly by using this data as input

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