l amount of loan contracted, and the months, n=1, 2, 3,.... (a) Find the outstanding balance to

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amount of loan contracted, and the months, n=1, 2, 3,.... (a) Find the outstanding balance to be paid at the end of the 5th month. payment, yearly interest. From your Matlab program, how many months function should ask the user to provide input for the loan amount, monthly (b) Write a simple Matlab function to implement this loan computations. Your Suppose you went for a loan of GHc 6,000 from a bank at an interest rate R of Q3. 12% and it was agreed that you will pay monthly equal payments of GHe 200. IE the balance of the loan payment can be modelled as a discrete system: y/n) = (1+ R/12)y[n-1] - X[n), where y[n] is the output balance at time (month) n, x[n] is the loan payment, which is constant, and y[0] is the initial amount of loan contracted, and the months, n=1, 2, 3,.... (a) Find the outstanding balance to be paid at the end of the 5th month. payment, yearly interest. From your Matlab program, how many months function should ask the user to provide input for the loan amount, monthly (b) Write a simple Matlab function to implement this loan computations. Your Suppose you went for a loan of GHc 6,000 from a bank at an interest rate R of Q3. 12% and it was agreed that you will pay monthly equal payments of GHe 200. IE the balance of the loan payment can be modelled as a discrete system: y/n) = (1+ R/12)y[n-1] - X[n), where y[n] is the output balance at time (month) n, x[n] is the loan payment, which is constant, and y[0] is the initial

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