IN MATLAB

The formula for calculating a car payment is given in the document 'Amortization' in Blackboard in the folder Assignment #3. Given one car price (P), one interest rate per period (r), and multiple possible payment times (n), compute the monthly payment amount and store the result as variable A

Example:

Input P = 20000, r = .035/12 (3.5% annual rate)

n = [36 48 60] (months)

Output A = [586.0416 447.1200 363.8349]

function A = CarPay(P,r,n)

%replace the line below with the code to compute the monthly payment A = P;

end