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2. (35 points) Economic formulas are available to compute annual payments for loans. Suppose that you barrow to compute an amount of money P and
2. (35 points) Economic formulas are available to compute annual payments for loans. Suppose that you barrow to compute an amount of money P and agree to repay it in n annual payments at an interest rate of i. The formula to compute the annual payment A is A=P(i+1)n1i(i+1)n Write a function M-file that accepts 2 input arguments ( P and i ) to compute A. Compute the results for n=1,2,,12, and display the results as a table with headings and columns for n and A. You must use fprintf in your program to display the table values with 2 decimal digits. Test your program with P=45,000TL and an interest rate of 34%
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