Easier ways to write this scipt.

clear;

clc;

balance = 1000;%initial deposit

deposit = 500; %yearly deposit

APR = 0.04; %interest rate

years =[0:14]; %years of deposit

for years = years + 1

years < 15

principal = balance + (balance*APR)

balance =balance +deposit

fprintf ('After %d years the balance in your account will be $%.2f\n',years,balance);

end

fprintf('final balance after %dyears is $%.2f\n',years,balance);

Use a for loop in MATLAB to determine how much money you would have at your bank account in 15 years if you deposit $1000 initially and $500 at the end of each year, assuming the APR is 4%.

Answer 1

[Bhaskar R]

clear;
clc;
balance = 1000;%initial deposit
deposit = 500; %yearly deposit
APR = 0.04; %interest rate
% years =[0:14]; %years of deposit
for years = 0:14
    principal = balance + (balance*APR);
    balance =balance +deposit;
    fprintf ('After %d years the balance in your account will be $%.2f\n',years,balance);
end
fprintf('final balance after %dyears is $%.2f\n',years,balance);