help with for and while loop?

im trying to creat a script that will calculate that will calculate the amount of savings on a given starting salary over 30 years. rent increases $200 every 5 years and monthly wages inceases 2% every year. i get how to make the for loop calculate the total savings, but how do i account for the rent and wages increase? i tried using if statement but it didnt work. here is my code so far...

clear;clc

monthlyWageAfterTaxes = 2700; numberOfYears=30; rent=800; utilities=300; insurance=200 auto=250 food_misc=325; numberOfMonths=360

for j=1:numberOfMonths monthlySavings=(monthlyWageAfterTaxes-rent-utilities-insurance-auto-food_misc) yearlySavings=monthlySavings*12 totalSavings=yearlySavings*30

end

Answer 1

[Adithi]

Hello,

I understand that you are trying to figure out how to increase the wage every year and rent every five years. Refer to code below to increase rent and wage.

CODE:

clear; 
clc 
monthlyWageAfterTaxes = 2700;  
numberOfYears=30;  
rent=800;  
utilities=300;  
insurance=200  
auto=250  
food_misc=325;  
numberOfMonths=360;
for j=1:numberOfMonths  
    monthlySavings=(monthlyWageAfterTaxes-rent-utilities-insurance-auto-food_misc)  
    yearlySavings=monthlySavings*12  
    totalSavings=yearlySavings*30 
    disp(j) 
    if ~mod(j/12,1) == 1 
        monthlyWageAfterTaxes = 1.2*monthlyWageAfterTaxes; 
        disp("wage increased"); 
    end 
    if ~mod(j/60,1) == 1 
        rent = rent + 200; 
        disp("rent increased") 
    end 
end 

Hope this helps!.