The remaining loan balance, B, of a fixed payment years mortgage after x years is given by: 12n 12x B = (1"-1 12n where Lis the loan amount, and ris the annual interest rate. Calculate the balance of...

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Extracted text: The remaining loan balance, B, of a fixed payment years mortgage after x years is given by: 12n 12x B = (1"-1 12n where Lis the loan amount, and ris the annual interest rate. Calculate the balance of a 30 year, $100,000 mortgage, with annual interest rate of 6% (use 0.06 in the equation) after 0, 5, 10, 15, 20, 25, and 30 years. Create a seven-element vector for x and use element-by-element operations. Display the results in a two-row table where the values of years, and balance are displayed in the first and second rows, respectively. Script ® C Reset I MATLAB Documentation 1 % Don't change the variable names 2 r=.06; 3 n=30; 4 L=100000; 5 x = linspace(5,30,6); 6 m=1+(r/12); 7 B = L*((m.^(12.*n)-m.^(12.*x))./((m.^(12.*n)-1))); 8 Years=transpose(x); 9 Balance=transpose(B); 10 Table= table(Years, Balance)