Interest calculation with while

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Tony Jacob
Tony Jacob 2016-9-29
评论： Walter Roberson 2016-10-3
I have no idea where to start for this problem, any help would be appreciated.
Use a while loop to determine how many months it will take to accumulate $1.5 million in your retirement account under the following conditions: initial deposit = $1,000, interest is 0.5%, per month and you pay $750 into the account each month.

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回答（1 个）

Rani V.S
Rani V.S 2016-10-3
编辑：Rani V.S 2016-10-3
sum=1000
month=0
while sum<1500000
sum=(sum+750)*1.5
month=month+1
end
disp(month)
  1 个评论
Walter Roberson
Walter Roberson 2016-10-3
That would be 50% interest per month, not 1/2 % interest per month.

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