please explain and show steps

matlab

The remaining loan balance. B, of a fixed payment n years mortgage after years is given by: 411* r.)?" -(1* *y 2017 B= 2n where L is the loan amount, and is the annual interest rate. Calculate the balance of a 30 year, $100,000 mortgage, with annual interest rate of 6% (use 0.06 in the equation) after 0, 5, 10, 15, 20, 25, and 30 years. Create a seven-element vector for x and use element-by-element operations. Display the results in a two-row table where the values of years, and balance are displayed in the first and second rows, respectively