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in matlab The monthly payment M of a loan amount P for y years and with interest rate r can be calculated by the formula:
in matlab
The monthly payment M of a loan amount P for y years and with interest rate r can be calculated by the formula: Calculate the monthly payment and the total payment for a 100,000 loan for 10, 11, 1, 29, 30 years with an interest rate of 4.85%. Display the results in a three-column table where the first column is the number of years, the second is the monthly payment, and the third is the total paymentStep by Step Solution
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