I am trying to form a conditional loop that shows the growth of money, I put in $1000 every year and it grows by 85 for ten years but keep returning one value
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I am trying to make it add $1000 every year and have an 8% return over 10 years but don't know how to access my previous value in my loop
money=1000;
supersaver=1000;
y=zeros(1,10);
for i=1:10
y(i)=(money+supersaver)*1.08
end
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