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hey I'm struggling with this problem, can you show me in details how it works (python) thank you.....! 1. This program initializes the variables loanAmount,

hey I'mimage text in transcribed struggling with this problem, can you show me in details how it works (python) thank you.....!

1. This program initializes the variables loanAmount, monthlyInterest Rate and numberOfYears, and then it computes and prints monthly Payment using the following formula. loanAmount x monthlyInterestRate monthly Payment = 1-- (1+monthlyInterestRate) HumberOfPearsx12

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