Week13B Part 1: How long does the money last? You begin on 1 January 2020 by making an initial deposit of $6,240.00 to open a savings account at Bank of Mason. This account pays 0.4200% interest per month. Every even-numbered month, you withdraw $520.00 to pay your tuition installment balance. At the end of December each year you receive a $600.00 end-of-year bonus from your employer, which you deposit into your account. Run your simulation until your account balance is no longer positive. Question 1: During what month does your account balance hit zero or go negative? Question 2: Prepare a plot that shows your account balance through all the months until the balance is no longer positive. To answer this part of Week13B, describe how you solve the problem. Your description may include your thinking process, notes, tables, or some code that does not have to be perfect. The following is a sample plot. Your program may not give exactly the same result. Bank Account Balance 7000 6000 5000 4000 3000 2000 How long does the money last - by Your Name birthrate = 0.420000% initial size = 6240 even-month withdrawal = 520 yearly bonus = 600 Bank Account Balan 4000 3000 2000 birthrate = 0.420000% initial size = 6240 even-month withdrawal = 520 yearly bonus = 600 1000 0 -1000 0 5 10 15 20 25 45 Month in Study The following program structure may be used as a starting point. clear; clc birth = ???; % Interest death = ???; % Depreciation (What to put if no info available?) deltat = ??? ; 1 what unit? P (1) = ??? ; % Initial value t = 1; while (???) % What condition to continue? % Apply the population model below: ??? % Add corrections below: ??? 30 35 -1000 0 5 10 15 20 25 30 35 Month in Study The following program structure may be used as a starting point. clear; clc birth = ??? ; % Interest death = ???; % Depreciation (What to put if no info available?) deltat = ???; % 1 what unit? P (1) t = 1; = ??? ; % Initial value while (???) % What condition to continue? % Apply the population model below: ??? % Add corrections below: ??? t = t + 1; Arial Show results here ??? Plot data here with title and labels ??? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). end BIUS Paragraph 10pt > ||| !!! > > Spring 2024 CDS-130-DL4 online meeting Friday 1:30-4:10pm A | > > T > ||| > ||| QUESTION 6 To answer this part of Week 13B, enter the number of the month where the balance hits or goes below zero. Please enter your answer as: t = (put the value of t here) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt A| > 2 points Save Answer >