Question: A Matlab code that plots a college saving account with an initial principal of $1000 with monthly contributions of $100 and compound interest rate of
A Matlab code that plots a college saving account with an initial principal of $1000 with monthly contributions of $100 and compound interest rate of .70% for 18 years.
- You want to save some money. You start with $1000, andaontribute $100 to the account each month. Using an interest rate of 5% APR compounded monthly (0.05/12), how much money will you have after ten years (120 months)? Create a table showing the monthly balance for each month. Plot the monthly balance in a bar graph
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