Write a Matlab script that answers the following questions Suppose that Gomez takes out a loan for $22, 000 to buy a new SUV (after trading in his car) The bank charges 6 annual interest on the unpaid balance, compounded monthly (that is 0 5 interest each month) If Gomez pays $300 at the end of each month, how many months will it take him to pay off his loan What is the amount of his last payment His last payment will just cover the unpaid balance so will likely be less than $300 Question 1 Write a Matlab script that answers the following questions Suppose that Gomez takes out a loan for $22,000 to buy a new SUV (after trading in his car) The bank charges 6 annual interest on the unpaid balance, cornpounded monthly (that is 0 5 interest each month) If Gomez pays $300 at the end of each month, how many months will i take him to pay off his loan What is the amount of his last payment Hi last payment will just cover the unpaid balance so will likely be less than $300

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Question: Write a Matlab script that answers the following questions. Suppose that Gomez takes out a loan for $22, 000 to buy a new SUV (after

Write a Matlab script that answers the following questions. Suppose that Gomez takes out a loan for $22, 000 to buy a new SUV (after trading in his car). The bank charges 6% annual interest on the unpaid balance, compounded monthly (that is 0.5% interest each month). If Gomez pays $300 at the end of each month, how many months will it take him to pay off his loan? What is the amount of his last payment? His last payment will just cover the unpaid balance so will likely be less than $300. Write a Matlab script that answers the following questions. Suppose that Gomez

Question 1 Write a Matlab script that answers the following questions. Suppose that Gomez takes out a loan for $22,000 to buy a new SUV (after trading in his car). The bank charges 6% annual interest on the unpaid balance, cornpounded monthly (that is 0.5% interest each month). If Gomez pays $300 at the end of each month, how many months will i take him to pay off his loan? What is the amount of his last payment? Hi last payment will just cover the unpaid balance so will likely be less than $300

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