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Write a MATLAB script that uses Euler's method to solve the
Write a MATLAB script that uses Euler?s method to solve the balance equation for a principal (equation 3.4 in Prof. Denn?s textbook). Compound daily. Use a project lifetime of 20 years. Use id = 0.10/365 as the daily interest rate, Id = 0.02/365 as the yearly inflation rate, and Cd0 = 50000/365 as the daily rate of O&M expenditures. UseP0=Cd0*365*x as the initial principal at t=0.A. Copy and paste your script using x=10.B. Plot the principal ($) vs. time (days) using x=10. Turn in an image of this plot.C. What is the principal ($) after the duration of the project if x=10; i.e., you initially save 10 times the annual O&M expenditures?D. What is the principal ($) after the duration of the project if x=9; i.e., you initiallysave 9 times the annual O&M expenditures? What does the sign (+/-) of this answermean?
This question was answered on: Feb 21, 2020
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