Assignment Problem:
In compound interest calculation, the interest is added back to the principal amount (P) in order to earn the interest on added interest during the next compounding period. The compounded amount (A) is given by following equation:
A = P(1+ ((R⁄100)/N))(N . T)
Where, A = Compounded Amount
P = Principal Amount
R = Rate of Interest (%)
N = No. of times the interest is computed.
T = Duration in years
Given,
Case-1: P = $1000,
R = 12% (1% per month accumulating to 12% annual)
N = 12 (Interest is computed monthly, i.e. N=12, times a year)
T = 10 Years (Duration)
Case-2: P = $1000,
R = 12% (Annual rate of interest)
N = 1 (Interest is computed annually, i.e. N=1, time a year)
T = 10 Years (Duration)
Note - Write the MATLAB program in m-file and save it with the name 'CompoundInterest.m'.
If you want to check the quality of the academic content, that our proficient tutors provide, then you can go through our Compound Interest using MATLAB Program Assignment Help service and review the assignment samples prepared by our skilled and talented tutors and can clear your doubts and qualms.
Tags: Compound Interest using MATLAB Program Assignment Help, Compound Interest using MATLAB Program Homework Help, Compound Interest using MATLAB Program Coursework, Compound Interest using MATLAB Program Solved Assignments