Question: This is MATLAB question. Please use MATLAB and help me NO.4 question only in detail. The interest you get at the end of n year,

 This is MATLAB question. Please use MATLAB and help me NO.4

This is MATLAB question. Please use MATLAB and help me NO.4 question only in detail.

The interest you get at the end of n year, at a flat annual rate of r%, depend on how the interest in compounded If the interest is added to your account k times a year with the principal amount of Xo, then at the end of n years the amount of your account X b 1.Write the function, fn-interest to find the interest paid on XO (Interest-X-%) 2 Write a script called Bankint and input n, f k and output the result in the following format by using the function, fn_interest. The principal amount of $ Xo in n years with interest rate of r% becomes $ X when interest is compounded K times a year. Your earning aount is SXxo). 3, Run the script with principal of $1000 at the rate of 6% for five years term when the the interest is compounded; (i) quarterly (k=4) (ii)daily" (k=365) (iii) annually ( 1) and compare the interest paid on X " ("Do not consider the leap year effect for daily) 4.Plot the bar graph which shows the interest in five years with above compound interval. Label x-axis with "compound interval, 1: Quarterly, 2: Daily, 3: Annually", and y-axis with Interest, $". Add title with "Earned interest for 5 years term with 6% interest rate". You may set the y-axis limit with ylim([min max]). For plotting "bar" graph, use "bar" instead of "plot

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