A loan of A dollars is repaid by making n equal monthly payments of M dollars, starting a month after the loan is made. It can be shown that if the monthly interest rate is r$,$ then

Ar$=$M$(1-1/(1+$r$)^$n $)$

A car loan of $10000$ dollars was repaid in $60$ monthly payments of $250$ dollars. Use the Newton Method to find the monthly interest rate with a tolerance of $1\%.$

Can you write a code in jupyter notebook.