Question: Solve Using Matlab Programming Language The problem asks you to simulate financial accumulation in bank accounts with regular deposits and a yearly transfer to a

Solve Using Matlab Programming Language

Solve Using Matlab Programming Language The problem asks you to simulate financial

The problem asks you to simulate financial accumulation in bank accounts with regular deposits and a yearly transfer to a CD (certificate of deposit) to earn extra interest. The account starts with a zero balance. At the end of each month, add interest to the savings balance of 4% (0.04 divided by 12 months). After the interest is added, make a deposit at the end of each month according to the table shown below. You are anticipating a work sabbatical in year 3 that will pull money out of savings. At the end of each year in which the savings account balance is at least $3000, withdraw $2000 and add it to your CD balance. Each year, the CD balance earns 6% (this will need to be added in before making the Dec 31 transfer so that you don't get interest the same day you add a deposit). Your monthly deposits use the following table: 1 200 4 Year Monthly Deposits 5 2. 250 3 -100 350 400 Write a script with all the data loaded into variables (no input() functions needed). The program uses nested for loops to run through the 12 months X 5 years and compute the money accumulated in the savings and CDs. The problem asks you to simulate financial accumulation in bank accounts with regular deposits and a yearly transfer to a CD (certificate of deposit) to earn extra interest. The account starts with a zero balance. At the end of each month, add interest to the savings balance of 4% (0.04 divided by 12 months). After the interest is added, make a deposit at the end of each month according to the table shown below. You are anticipating a work sabbatical in year 3 that will pull money out of savings. At the end of each year in which the savings account balance is at least $3000, withdraw $2000 and add it to your CD balance. Each year, the CD balance earns 6% (this will need to be added in before making the Dec 31 transfer so that you don't get interest the same day you add a deposit). Your monthly deposits use the following table: 1 200 4 Year Monthly Deposits 5 2. 250 3 -100 350 400 Write a script with all the data loaded into variables (no input() functions needed). The program uses nested for loops to run through the 12 months X 5 years and compute the money accumulated in the savings and CDs

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