Design and write an Octave function that calculates the number of years required to reach a specific amount given an initial amount of money and interest rate? The Octave function (you can specify any name) must perform the following functionality: 1. Accepts three input parameters that specify the amount, interest rate, and target amount required at the end of an investment period. The function must return the number of years that it will take to reach the target amount. The interest rate is provided as a percentage. 2. Check if three input arguments are provided. If insufficient input arguments are provided, then print an error message and exit the function. 3. Check that the initial amount is less than the target amount provided. If the initial amount is less than or equal to the target amount, then print an error message and exit the function. 4. Calculate the number of years to reach the target amount. 5. Display the number of years as a string – for example: 10 years

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
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Design and write an Octave function that calculates the number of years required to reach a specific
amount given an initial amount of money and interest rate? The Octave function (you can specify any
name) must perform the following functionality:
1. Accepts three input parameters that specify the amount, interest rate, and target amount required at
the end of an investment period. The function must return the number of years that it will take to
reach the target amount. The interest rate is provided as a percentage.
2. Check if three input arguments are provided. If insufficient input arguments are provided, then print
an error message and exit the function.
3. Check that the initial amount is less than the target amount provided. If the initial amount is less than
or equal to the target amount, then print an error message and exit the function.
4. Calculate the number of years to reach the target amount.
5. Display the number of years as a string – for example: 10 years
Transcribed Image Text:Design and write an Octave function that calculates the number of years required to reach a specific amount given an initial amount of money and interest rate? The Octave function (you can specify any name) must perform the following functionality: 1. Accepts three input parameters that specify the amount, interest rate, and target amount required at the end of an investment period. The function must return the number of years that it will take to reach the target amount. The interest rate is provided as a percentage. 2. Check if three input arguments are provided. If insufficient input arguments are provided, then print an error message and exit the function. 3. Check that the initial amount is less than the target amount provided. If the initial amount is less than or equal to the target amount, then print an error message and exit the function. 4. Calculate the number of years to reach the target amount. 5. Display the number of years as a string – for example: 10 years
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