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The working of the single quote in the printf format statement depends on whether a thousands separator is defined in the locale
$ ( export LC_NUMERIC=en_US.UTF-8 ; printf "%'.2f\n" 123456 )...

If you have a bunch of these to do in a loop, you might want something more like:
#!/bin/ksh
for number_of_positions in 2 4
do for input_string in 345987 1345987
do printf "%s %s\n"...

I repeat: What operating system are you using and what version of the Korn shell are you using?

What have you tried?

Is this a homework assignment?

Homework and coursework questions can only be posted in this forum (https://www.unix.com/homework-and-coursework-questions/) under special...

I believe AIX comes with both ksh and ksh93. Try using ksh93 instead of ksh. Also, if you can't use ksh93, try /usr/bin/printf in the ksh script instead of just printf when you have ' as a flag in...

What about trying it with ksh93 instead of ksh?

What operating system are you using? What version of the Korn shell are you using?

On OS X, with ksh version sh (AT&T Research) 93u+ 2012-08-01, the following script (using the variables...