Question: Question 1 - Suppose that $ 1 0 0 0 is deposited into a bank account that pays 8 % interest per year, compounded annually.

Question 1- Suppose that $1000 is deposited into a bank account that pays 8% interest per
year, compounded annually. Use for loop in MATLAB to calculate the account balance after 30
years. The balance at the end of each year can be calculated using the following equation:
New balance = Current balance +(0.08)(Current balance)
Question 1 - Suppose that $ 1 0 0 0 is deposited

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