[SOLVED] Project 9-1: Monthly Payment Calculator

Name: [SOLVED] Project 9-1: Monthly Payment Calculator
Brand: Assignment Chef
SKU: 18375
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Create a program that calculates the monthly payments on a loan Specifications

The interest rate should only have one decimal place for both the calculation and the formatted results
The formula for calculating monthly payment is:

month_payment = loan_amoun

t * monthly_interest rate / (I I / (I + monthly_interest rate) ** months)

Use the locale module to ensure the results are formatted for the proper location.
Use the decimal module and its quantize() method for rounding.
Assume that the user will enter valid data.