Using MATLAB or Octave Consider the formula for computing the future value of money: Future Value = Investment * (1 + I)^n I = interest rate expressed as a fractional amount per compounding periods...

Using MATLAB or Octave

Consider the formula for computing the future value of money:

Future Value = Investment * (1 + I)^n

I = interest rate expressed as a fractional amount per compounding periods (5% would be expressed as .05)

n = number of compounding periods (typically monthly or yearly)

a. Create a function file called "future_value" with three inputs: investment, interest rate, number of compounding periods. ( see the sample function file with multiple inputs in the overview page)

b. In your main program, use this function to calculate the value of a $500 investment in 4 years, with a monthly compounding interest rate of .75%.