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Section: C3 Date:06/16/2021
6/2021
OBJECTIVES
● To familiarize the students with the MATLAB interface.
● To enable the students to use some basic operations.
Instructions:
1. Save your file as Surname_Firstname_MP5. Ex. Santos_Jared_MP5
a. PDF file of Machine Problem 5 provided with the screenshot of your answers.
b. MATLAB script with .m extension.
MACHINE PROBLEM
1. The formula for computing the final amount if one is earning compound interest is given on Wikipedia as
Write a MATLAB program that assigns the principal amount of 10000 to variable P, assign to n the value 12, and
assign to r the interest rate of 8% (0.08). Then have the program prompt the user for the number of years, t, that the
money will be compounded for. Calculate and print the final amount after t years.