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the interest rate and loan period. Therefore, you want to plan ahead and calculate the total pay off amount using the loan amount, loan period and interest rate. Write a Python program stored in a file q3.py that asks the user for loan period (in years) and interest rate (in percentage) as user input and print out the total pay off amount. Total payoff amount C can be calculated using the formula C = P(1 + r)", where P is the loan amount in dollars), is the loan period (in years), and is the interest rate (0 ≤r≤1). 1Enter interest rate (in percentage): 8.99 2 Enter loan period (in years): 5 3 At 8.99% interest, you need to pay $23068.77 after 5.0 years.

the interest rate and loan period. Therefore, you want to plan ahead and calculate the total pay off amount using the loan amount, loan period and interest rate. Write a Python program stored in a file q3.py that asks the user for loan period (in years) and interest rate (in percentage) as user input and print out the total pay off amount. Total payoff amount C can be calculated using the formula C = P(1 + r)", where P is the loan amount in dollars), is the loan period (in years), and is the interest rate (0 ≤r≤1). 1Enter interest rate (in percentage): 8.99 2 Enter loan period (in years): 5 3 At 8.99% interest, you need to pay $23068.77 after 5.0 years.

Database System Concepts
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
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Please send me answer within 10 min!! I will rate you good for sure!! Please provide comment comment for each line in the code and provide complete explanation!!

the interest rate and loan period. Therefore, you want to plan ahead and calculate the total pay off amount using the loan amount, loan period and interest rate. Write a Python program stored in a file q3.py that asks the user for loan period (in years) and interest rate (in percentage) as user input and print out the total pay off amount. Total payoff amount C can be calculated using the formula C= P(1 + r)", where P is the loan amount in dollars), n is the loan period (in years), and is the interest rate (0 ≤r≤1). Enter interest rate (in percentage): 8.99 2 Enter loan period (in years): 5 3 4 At 8.99% interest, you need to pay $23068.77 after 5.0 years.
Transcribed Image Text:the interest rate and loan period. Therefore, you want to plan ahead and calculate the total pay off amount using the loan amount, loan period and interest rate. Write a Python program stored in a file q3.py that asks the user for loan period (in years) and interest rate (in percentage) as user input and print out the total pay off amount. Total payoff amount C can be calculated using the formula C= P(1 + r)", where P is the loan amount in dollars), n is the loan period (in years), and is the interest rate (0 ≤r≤1). Enter interest rate (in percentage): 8.99 2 Enter loan period (in years): 5 3 4 At 8.99% interest, you need to pay $23068.77 after 5.0 years.
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