MATLAB problem. Show your work. (Code screenshot and output (the output show show how you arrived to your answers)

Remember: You must write MATLAB code and then execute your code to produce output that solves this problem. You must show both your program program output in a screenshot(s) to receive full credit for this exercise. You must also include a handwritten MATLAB program and your EXERCISE 7 (4 pts.) INTRODUCTION: The year-to-year growth of money in a bank savings account can be modeled with the following MATLAB vector assignment statement B(t + 1) = B(t) + r * B(t)s (1 + r) * B(t) (Equation ? ) where: B(t) is the bank account balance at the beginning of year B(t+1) is the bank account balance at the end of year t AND the beginning of year t+1; the annual interest rate, expressed as a decimal fraction (aka: Birth Rate of money) (i.e., 4.5% is 0.045 and NOT 4.5!) PROBLEM: What is the balance in a bank savings account at the BEGINNING of year 25 (aka: after the end of year 24) if the account received an initial deposit of S10,000, grew at an annual rate of 3.85%, and experienced withdrawals and deposits according to the following schedule: s1,500 deposited to the account at the END of year 5 fuse: B()-5); S2,375 withdrawn from the account at the END of year 8 $8,000 deposited to the account at the END of year 13; and $14,653 withdrawn from the account at the END of year 19. HELPFUL NOTE 1: Model the growth of the bank account by placing vector assignment statement (1) inside a FOR loop that is indexed with the variable t. Begin t at the value 1, and increase t in steps of 1, up to 24. Print out B(25) upon exit from the FOR loop; this value will be the solution for this exercise, and represents the dollar balance in the bank account at the beginning of year 25. JUST PRIOR TO THE MATLAB FOR LOOP CODE THAT YOU WRITE, MAKE SURE THAT YOU WRITE THE FOLLOWING ASSIGNMENT STATEMENT B (1)-10000; HELPFUL NOTE 2: The first statement INSIDE the FOR LOOP, will be your translation of Equation 7-1 above into MATLAB syntax