PROBLEM $4.$

Suppose that $\backslash (\backslash$$ $1,000\backslash )$ is deposited into an account that pays $\backslash (5\backslash \%\backslash )$ interest each year. Therefore, at the end of each year, the "new" amount in the account is $1\mathrm{.}05$ times the "old" amount $($i$.$e$.,$ the amount of the previous year$).$ Write a MATLAB program to determine the amount accumulated in the account after $10$ years.

HINTS:

$\backslash (\backslash$checkmark $\backslash )$ Follow a very similar approach as in Problem $2($Tutorial $\backslash$#$5).$ Note that the "number" parameter should now be replaced by the "year", and the "sum" parameter should be replaced by the "amount".

$\backslash (\backslash$checkmark $\backslash )$ The initial value of the "year" should be set to zero $(0),$ and the initial value of the "amount" should be set to $\backslash (\backslash$$ $1,000\backslash )$

$\backslash (\{\}^\{*\}\backslash )$ Attach a copy of your MATLAB script and Command Window output.