Computers and Technology, 29.01.2020 02:44 jamesgraham577

Economic formulas are available to compute annual payments for loans. suppose that you borrow an amount of money p and agree to repay it in n annual payments at an interest rate of i. the formula to compute the annual payment a isa = p i(1 + i)n / (1 + i)n - 1write an m-file to compute a. test it with p=$55,000 and an interest rate of 6.6% (i=0.066) . compute results for n= 1,2,3,4, and 5 and display the results as a table with headings and columns for n and a.

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Economic formulas are available to compute annual payments for loans. suppose that you borrow an amo...

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