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explan what this code means python mainly like that formating does {: <6} mean the spaces between colums? print({: <6} ${: <25.2f} {: <25} ${:

explan what this code means python mainly like that formating does {:<6} mean the spaces between colums?

print("{:<6} ${:<25.2f} {:<25} ${:<25.2f} ${:<25.2f}".format(i, old_tuition_price, str(percent)+'%', new_tuition_cost, tuition_increase))

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