while loops with compound interest
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hello, i am trying to work out a problem that i am having with while loops. i have to determine how much to save each month in order to reach a goal of 100836 in 216 months. the interest rate is 5.5 per year. so far, i have written the following script but the number does not seem believable to me.
%minimum deposit in 18 years
n=18*12;
balance= 2000;
deposit=200;
while balance<100836.46
balance=balance*(1+(5.5/1200))+deposit;
deposit=deposit+50+(20*n);
end
disp(deposit)
disp(balance)
i end up getting an odd number which is 35160. i think that the number should be in the 200's assuming that the initial deposit is 200.
3 个评论
Walter Roberson
2015-11-2
When you ask the same question multiple times, the volunteers end up spending their time finding and merging the multiple questions, instead of spending their time answering questions.
回答(1 个)
Walter Roberson
2015-11-2
Why are you adding (20*n) each deposit period?
2 个评论
Walter Roberson
2015-11-3
initialize
while true
do a calculation
if we succeeded
break;
end
change the variables for the next try
end
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