Posted by
**sean** on
.

One bank pays 5.5 percent annual interest, while a second bank pays

4.5 percent annual interest. Determine how much longer it will take to

accumulate at least $50 000 in the second bank account if you deposit

$1000 initially and $1000 at the end of each year.

need help writing a script for matlab using the for,while loops.

this is what i have so far but its not giving me anything.

r2=.045;

P=1000;

n=1;

count=0

for t=0:99

A=P(1+r2/n)^(nt);

if A<50000

A=P(1+r2/n)^nt;

count=t

end

end

disp(count)