Formatting long numbers as strings

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This version does not suffer from the bug in the previous answers where 999,999 gives you 1000.0K. It also only allows 3 significant figures and eliminates trailing 0’s.

def human_format(num):
    num = float('{:.3g}'.format(num))
    magnitude = 0
    while abs(num) >= 1000:
        magnitude += 1
        num /= 1000.0
    return '{}{}'.format('{:f}'.format(num).rstrip('0').rstrip('.'), ['', 'K', 'M', 'B', 'T'][magnitude])

The output looks like:

>>> human_format(999999)
'1M'
>>> human_format(999499)
'999K'
>>> human_format(9994)
'9.99K'
>>> human_format(9900)
'9.9K'
>>> human_format(6543165413)
'6.54B'

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