Write the program in PYTHON 2. Loan RepaymentWrite a program that helps a loan company determine the payment schedule forloans given out. The program should:a. Accept an amount to be borrowed from the user.b. Accept the interest rate per annum.c. Number of years which the user would like to repay.d. Print out the repayment schedule in months (of course you should convertyear(s) to months).See the image below for an example of what is required. Do not use the same values.Loan Scheduler_Amount borrowed ZAR: 1000Annual Interest rate : 6Term (years): 1.5Amount borrowed:Total interest paid:AmountPaidPmt #‒‒‒‒‒‒R 0.00R 60.6R 60.6R 60.6R 60.6R 60.6R 60.6R 60.6R 60.6R 60.6R 60.6R 60.6R 87.6R 60.6R 60.6R 87.6R 60.6R 60.6R 59.8Hr45578WNLOAWNHO1239101112131415161718R1000.00R90.00RemainingBalanceK1090.00R1029.40R 968.80R 908.20R 847.60R 787.00R 726.40R 665.80R 605.20R 544.60R 484.00R 423.40R 362.80R 302.20R 241.60R 181.00R 120.40R59.80R00.00

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2. Loan Repayment' Write a program that helps a loan company determine the payment schedule for loans given out. The program should: a. Accept an amount to be borrowed from the user. b. Accept the interest rate per annum. c. Number of years which the user would like to repay. d. Print out the repayment schedule in months (of course you should convert year(s) to months). See the image below for an example of what is required. Do not use the same values.

2. Loan Repayment' Write a program that helps a loan company determine the payment schedule for loans given out. The program should: a. Accept an amount to be borrowed from the user. b. Accept the interest rate per annum. c. Number of years which the user would like to repay. d. Print out the repayment schedule in months (of course you should convert year(s) to months). See the image below for an example of what is required. Do not use the same values.

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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