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This challenge activity uses a 3rd party app. Though your activity may be recorded, a refresh may be required to update the banner to
This challenge activity uses a 3rd party app. Though your activity may be recorded, a refresh may be required to update the banner to the left. For loops: Savings account The for loop calculates the amount of money in a savings account after number Years given an initial balace of savingsBalance and an annual interest rate of 2.5%. Complete the for loop to iterate from 1 to number Years (inclusive). Your Solution Save C Reset 1 function savings Balance = CalculateBalance (number Years, savings Balance) 2% number Years: Number of years that interest is applied to savings. 3% savingsBalance: Initial savings in dollars 7 8 10 11 12 end interestRate = 0.025;% 2.5 percent annual interest rate % Complete the for loop to iterate from 1 to number Years (inclusive) for ( ) savings Balance = savingsBalance + (savings Balance * interestRate); end Run Your Solution Code to call your function when you click Run 1 CalculateBalance (1, 1000) Run MATLAB Documentation C Reset Submit for Assessment
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