Question: Please help Octave/Matlab code Suppose we have invested some money that draws 10% interest per year, compounded annualy. We want to know how long it
Please help Octave/Matlab code
Suppose we have invested some money that draws 10% interest per year, compounded annualy. We want to know how long it will take for the investment to double.
More specifically, we want a statement of the account each year until the balance has doubled. Write a Matlab/Octave code that implements and solves this problem.
The pseudocode for this problem is as follows:
(i) Initialize balance, year, interest rate
(ii) Display headings
(iii) Repeat
Update year and balance according to interest rate,
Display year, balance,
until balance exceeds twice initial balance
(iv) stop
Thank you!
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