The program is an illustration of loops;
Loops are program statements used to perform repetition
The program written in Python, where comments are used to explain each action is as follows:
#This initializes the fee
fee = 6000
#The following loop is repeated 5 times
for i in range(5):
#This calculates the fee, each year
fee *= 1.02
#This prints the calculated fee
print(round(fee,2),end=" ")
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