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use matlab 3. The monthly payment M of a loan amount P for y years and with interest rate r can be calculated by the
use matlab
3. The monthly payment M of a loan amount P for y years and with interest rate r can be calculated by the formula: M = PG) 1-(1+=227 Write a program that calculates the monthly payment for a $100,000 loan for 30 years using a 5% interest rate. Repeat the problem (calculate the monthly payment) for a 3% interest rate. Have the user input the Principle (P), Years (y) and Rate (r), then output a sentence that says (again, please format and show the number of digits indicated below): For a loan amount of $### at a rate of ##.# % for ## years the required monthly payment is $####.##Step by Step Solution
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