In Python, create a program that calculates the interest on a loan. This program should make it easy for the user to enter numbers.Specifications:*Use the Decimal class to make sure that all calculations are accurate. It should round the interest that's calculated to two decimal places. *Assume that the user will enter valid decimal values for the loan amount and interest rate with these exceptions: 1) If the user enters a dollar sign, remove it from the string begore converting the string to a number. 2) If the user enters a comma in the loan amount, remove it from the string before converting the string 3) If the user enters a K at the end of the loan amount, remove the K from the end of the string and multiply the loan amount by 1000. For example, a loan amount of 50K should be converted to a value of 50,000. 4) If the user enters a percent sign for the interest rate, remove it from the string before converting the string to a number. Sample Output: Welcome to the Interest Calculator Enter loan amount: $100,000.00 Interest rate: 2.275% Interest amount: $2,275.00 Continue? (y/n): y Enter loan amount: 65K Enter interest rate: 4.39 Loan amount: $65,000.00 Interest rate: 4.390% Interest amount: $2,853.50 Continue? (y/n): n Bye!
In Python, create a
Specifications:
*Use the Decimal class to make sure that all calculations are accurate. It should round the interest that's calculated to two decimal places.
*Assume that the user will enter valid decimal values for the loan amount and interest rate with these exceptions:
1) If the user enters a dollar sign, remove it from the string begore converting the string to a number.
2) If the user enters a comma in the loan amount, remove it from the string before converting the string
3) If the user enters a K at the end of the loan amount, remove the K from the end of the string and multiply the loan amount by 1000. For example, a loan amount of 50K should be converted to a value of 50,000.
4) If the user enters a percent sign for the interest rate, remove it from the string before converting the string to a number.
Sample Output:
Welcome to the Interest Calculator
Enter loan amount: $100,000.00
Interest rate: 2.275%
Interest amount: $2,275.00
Continue? (y/n): y
Enter loan amount: 65K
Enter interest rate: 4.39
Loan amount: $65,000.00
Interest rate: 4.390%
Interest amount: $2,853.50
Continue? (y/n): n
Bye!
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