Write matlab program to compute how much money accumulate


Suppose you prject that you will be able to deposit the following monthly amounts into a saving account for a period of 5 years. The account initially has no money in it. Year 1 2 3 4 5 Monthly deposit ($) 300 350 350 350 400 At the end of each year in which the account balnce is at least $3000, you withdraw $2000 to buy a certificate of deposit (CD), which pays 6 percent interest compounded anually. Write a MATLAB program to compute how much money will accumulate in 5 years in the account and in any CD's you buy. Run the program for two diffrent savings rates: 4 percent and 5percent. Using for Loop.

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Mechanical Engineering: Write matlab program to compute how much money accumulate
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