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MATLAB Functions PROBLEM 2. COMPOUND INTEREST When interest is compounded continuously, the following equation represent the growth in your savings. P = Pert where P0
MATLAB Functions
PROBLEM 2. COMPOUND INTEREST When interest is compounded continuously, the following equation represent the growth in your savings. P = Pert where P0 is the initial deposit and t is the time and r is the interest rate expressed aselescitoal. Determine the amount in your account at the end of each year if you invest $1000 at ar annual interest rate of 4% (r = 0.04) for 20 years. Make and display a table, with year in column one and balance in column 2. Create a figure with four subplots. Title each graph and label all axis. a) b) In the upper left corner, plot P versus t using a rectangular coordinate system. (P on the y axis and t on the x axis). In the lower left, plot P versus t with a log scale for the y axis In the upper right, plot P vs t using a log scale on x axis. In the lower right, plot P versus t using log scales for x and y axis. Problem 4. Bar & Pie Charts 1. 2. 3. 4Step by Step Solution
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