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Use the switch structure to write a MATLAB program to compute the amount of money...

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Mechanical Engineering

Use the switch structure to write a MATLAB program to compute the amount of money that accumulates in a savings account in one year. The program should accept the following input: the initial amount of money deposited in the account; the frequency of interest compounding (monthly, quarterly, semiannually, or annually); and the interest rate. Run your program for a $1000 initial deposit for each case; use a 5 percent interest rate. Compare the amounts of money that accumulate for each case.

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It is required to use theswitchfeature to find the amount accumulated for each frequency of interest gained monthly quarterly semiannually or annually It is needed to take user input for interest rate and the initial amount of money The user input can be taken by using the commandinput    See Answer
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