Question: Using MatLab's SIMULINK solve the following to problems. please provide steps on how to build SIMULINK gui. Problem 2 You have a credit card debt

Using MatLab's SIMULINK solve the following to problems. please provide steps on how to build SIMULINK gui.

Using MatLab's SIMULINK solve the following to problems. please provide steps on

Problem 2 You have a credit card debt of $5,000. The annual interest rate for your credit card is 18%, compounded monthly. Each month, you make a payment to reduce your debt. In the first month, your payment is $200. Every month after that, you increase your payment by 1%. That is, your payment in the second month is $202.00; your payment in the third month is $204.02; and so forth. Construct a dynamic systems model, using Simulink, for your debt in month n, where 0 sns 10 Problem 3 Retirement problem: You have $1,000,000 for your retirement. You move your money from a stock fund over to a more conservative bond fund that earns 7% interest, compounded monthly. How much money can you withdraw each month so that your savings will last 20 years? Problem 2 You have a credit card debt of $5,000. The annual interest rate for your credit card is 18%, compounded monthly. Each month, you make a payment to reduce your debt. In the first month, your payment is $200. Every month after that, you increase your payment by 1%. That is, your payment in the second month is $202.00; your payment in the third month is $204.02; and so forth. Construct a dynamic systems model, using Simulink, for your debt in month n, where 0 sns 10 Problem 3 Retirement problem: You have $1,000,000 for your retirement. You move your money from a stock fund over to a more conservative bond fund that earns 7% interest, compounded monthly. How much money can you withdraw each month so that your savings will last 20 years

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