Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How do I code Eulers method in VBA/ Excel with this. Eq.(3) mentioned in the problem is the equation that is given on the side

How do I code Eulers method in VBA/ Excel with this. Eq.(3) mentioned in the problem is the equation that is given on the side

image text in transcribed

for $750,000 with a constant interest rate of 5% (r = 0.05) and a monthly payment p = $4000. 1. Implement Euler's method for Eq. (3) with step size h = 0.5. Run the method until the mortgage is paid off and determine when it is paid off. Note: in reality, the mortgage is paid off when its value is zero. However, due to errors in the computations (both discretization and roundoff), it is likely that Euler's method will not produce an exact value of 0 for the mortgage value for any time. To account for this, consider the mortgage to be paid off when its value first becomes negative. A' = rA - 12p, A(0) = Ao for $750,000 with a constant interest rate of 5% (r = 0.05) and a monthly payment p = $4000. 1. Implement Euler's method for Eq. (3) with step size h = 0.5. Run the method until the mortgage is paid off and determine when it is paid off. Note: in reality, the mortgage is paid off when its value is zero. However, due to errors in the computations (both discretization and roundoff), it is likely that Euler's method will not produce an exact value of 0 for the mortgage value for any time. To account for this, consider the mortgage to be paid off when its value first becomes negative. A' = rA - 12p, A(0) = Ao

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Automating Access Databases With Macros

Authors: Fish Davis

1st Edition

1797816349, 978-1797816340

More Books

Students also viewed these Databases questions

Question

friendliness and sincerity;

Answered: 1 week ago