If loan of P dollars collects compound interest at an annual effective rate of i and is repaid after t years, then the amount

repaid, denoted by A$,$ is given by the formula: $=(1+)$

Suppose that a loan of $$400$ collects compound interest at an annual rate of $0\mathrm{.}05$ and is repaid after $3$ years.

Write code to calculate the amount required to repay this loan by performing the following steps:

$1.$ Create variables P$,$ i$,$ and t to store the relevant values for this loan.

$2.$ Use the variables created in Step $1$ above to calculate the repayment amount, storing the result in a variable A$.$

Round your result to $2$ decimal places.

$3.$ Print the result in a message using the format shown below, with the xxxx symbols replaced with the

appropriate value.

$4.$ Pay careful attention to the formatting in your output. In particular, there should be a single space between the

colon and dollar sign, and there should be no spaces between the dollar sign and the amount.

Amount repaid: $xxxx

$3$