Suppose that 1000 is deposited into an account assuming the

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Reference no: EM13611991

Suppose that $1000 is deposited into an account assuming the intrest is compounded quarterly; that is, one-fourth of the annual intrest (1.25%) is added to the account every three mounths. Write a MATLAB program with a for loop to calculate the amount in the account with monthly compounding.

Reference no: EM13611991

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