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MATLAB coding 2. The monthly payment M of a loan amount P for y years and with interest rater can be calculated by the formula:
MATLAB coding
2. The monthly payment M of a loan amount P for y years and with interest rater can be calculated by the formula: M= Par/12) 1-(1+r/12)-12 Calculate the monthly payment and the total payment for a $100,000 loan for 10, 11, 12, ..., 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 sec- ond is the monthly payment, and the third is the total payment Step by Step Solution
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