Question: Weite code and solve in Matlab The future value of money formula relates how much a current investment will be worth in the future, assuming
Weite code and solve in Matlab
The future value of money formula relates how much a current investment will be worth in the future, assuming a constant interest rate.
Where
is the future value
is the present value or investment
I is the interest rate expressed as a decimal amount per compounding period ie
is expressed as
is the number of compounding periods.
a Create a MATLAB function called futurevalue with three inputs: The investment present value the interest rate expressed as a decimal, and the number of compounding periods.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
