How to install PHP ImageMagick on CentOS 7

This video covers the method to install PHP ImageMagick. ImageMagick is a free and open-source software suite used for creating, editing, composing, or converting bitmap images.
For more explanation on this video: https://www.linuxhelp.com/how-to-install-php-imagemagick-on-centos-7/

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centos 7