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

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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