Assume loan annual percentage rates are determined by loan amount.

Your program should also determine the lowest APR for the 3 applicants and average APR for the 3 applicants. All test data must be run in a loop in one execution of the program.

The program must output each applicant name, loan amount, correct annual percentage rate, and loan interest. Also output the average APR & lowest APR from applicant.

Write a python program that uses a loop to prompt for 3 applicant names and their requested loan amount. Use the loan amount to determine the annual percentage rate for each applicant using the table below. Calculate the loan interest for one year for each applicant.

annual percentage rate table

Amount APR

10000 - 14999 0.09

15000 - 24999 0.08

25000 - 49999 0.06

50000 - 74999 0.05

75000 - 99999 0.04

Test Data

1st person ----loan amount 14999

2nd person ----loan amount 16000

3rd person ----loan amount 25000