Question: ( 3 5 points ) Economic formulas are available to compute annual payments for loans. Suppose that you barrow to compute an amount of money

(35 points) Economic formulas are available to compute annual payments for loans. Suppose
that you barrow to compute an amount of money P and agree to repay it in n annual
payments at an interest rate of i. The formula to compute the annual payment A is
A=Pi(i+1)n(i+1)n-1
Write a function M-file that accepts 2 input arguments (P and i) to compute A. Compute the
results for n=1,2,dots,12, and display the results as a table with headings and columns for n and A.
You must use fprintf in your program to display the table values with 2 decimal digits. Test your
program with P=45,000TL and an interest rate of 34%.
 (35 points) Economic formulas are available to compute annual payments for

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