MATLAB:

Finance problem O solutions submitted (max: 10) Suppose you can get an annual interest rate r (as a decimal). You want to save S dollars over N years. You will need to make a monthly deposit of M =S_ r/12 (1+r/12) 12N 1 Isabel can afford to save $95 per month. What interest rate will she need in order to have $8,500 in 6 years? Start with an interest rate of r = 0.01 (too low). Use a while loop to increase the rate by 0.001 until the desired output is reached (and stored in the variable r). Hint: Your code may look cleaner if you define M as an anonymous function before the while loop. Script C Reset D MATLAB Documentati