Question

USING MATLAB

Your crystal ball has predicted the percentage increases in tuition for the next 22 years, increases=[12,8,10,14,15,4,6,5,8,10,9,12,14,15,9,7,6,5,5,8,10,11]. It has also predicted that tuition costs will be $120,000 in year 22. You don’t quite remember what the tuition cost of the current year is, so you plan to work backward from year 22. Calculate the tuition costs of the first four years (year 1 through 4). Report your result using bank format.

Answer 1

`Hey,

Note: If you have any queries related to the answer please do comment. I would be very happy to resolve all your queries.

clc

clear all

close all

format bank

increases=[12,8,10,14,15,4,6,5,8,10,9,12,14,15,9,7,6,5,5,8,10,11]/100;

F=[120000];

for i=22:-1:2

F=[F(1)/(1+increases(i)),F];

end

disp('Fees for first 4 years');

disp(F(1:4))

Kindly revert for any queries

Thanks.