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Please help me in PYTHON! If A dollar is borrowed at r% interest compounded by monthly to purchase a car with monthly payments for n
Please help me in PYTHON!
If A dollar is borrowed at r% interest compounded by monthly to purchase a car with monthly payments for n years, then the monthly payments is given by the formula monthly payment = i / 1 - (1 + i)^-12n. A where i = r / 1200. Write a program that calculates the monthly payment after the user gives the amount of the loan, the interest rate, and the number of yearsStep by Step Solution
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