Question
please solve using matlab >> mortgagePayments(10000, .3, 2); month 1 total $ 559.13 month 2 total $ 1118.26 month 3 total $ 1677.38 month 4
please solve using matlab
>> mortgagePayments(10000, .3, 2);
month 1 total $ 559.13
month 2 total $ 1118.26
month 3 total $ 1677.38
month 4 total $ 2236.51
month 5 total $ 2795.64
month 6 total $ 3354.77
month 7 total $ 3913.90
month 8 total $ 4473.03
month 9 total $ 5032.15
month 10 total $ 5591.28
month 11 total $ 6150.41
month 12 total $ 6709.54
month 13 total $ 7268.67
month 14 total $ 7827.79
month 15 total $ 8386.92
month 16 total $ 8946.05
month 17 total $ 9505.18
month 18 total $ 10064.31
month 19 total $ 10623.44
month 20 total $ 11182.56
month 21 total $ 11741.69
month 22 total $ 12300.82
month 23 total $ 12859.95
month 24 total $ 13419.08
C. (5 points) The monthly payment M of a loan amount P for y years and with interest rate r (.05 for 596) can be calculated by the formula: MPr/12) 1-(1 +r/12)-12y Write a function (with no return value) with three arguments, loan amount P, interest rate r, total mortgage years y, that calculates the running total of monthly payments for the duration of the loan for each month and displays the results in two columns where the first column is the loan month number (1 2 3 12 13 14. . .etc.) and the second is the total running payment; be sure your format is typical of dollars and cents. Sample run below. Design and test able will be done in lecture or lab
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started