How to solve this exercise? COP2002: Programming Logic & Design with Python Project 6 Project: Create a program that calculates the interest on a loan. This program should make it easy for the user to enter numbers. Sample Console Display: 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, rounding up if the third decimal place is five or greater. • The interest rate that’s displayed can have up to 3 decimal places. • Assume that the user will enter valid decimal values for the loan amount and interest rate with these exceptions: • If the user enters a dollar sign ($) at the beginning of the loan amount, remove it from the string before converting the string to a number. • If the user enters a comma in the loan amount, remove it from the string before converting the string. • 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. • If the user enters a percent sign (%) before or after the interest rate, remove it from the string before converting the string to a number. • Save the file with the filename xxx_interest.py (where xxx = your initials) or

How to solve this exercise?

COP2002: Programming Logic & Design with Python
Project 6
Project: Create a program that calculates the interest on a loan. This program
should make it easy for the user to enter numbers.
Sample Console Display:
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, rounding up
if the third decimal place is five or greater.
• The interest rate that’s displayed can have up to 3 decimal places.
• Assume that the user will enter valid decimal values for the loan amount and
interest rate with these exceptions:
• If the user enters a dollar sign ($) at the beginning of the loan amount,
remove it from the string before converting the string to a number.
• If the user enters a comma in the loan amount, remove it from the string
before converting the string.
• 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.
• If the user enters a percent sign (%) before or after the interest rate, remove
it from the string before converting the string to a number.
• Save the file with the filename xxx_interest.py (where xxx = your initials) or
as defined by your instructor.