Suppose that the outstanding balance at (2n)th repayment date equal to 60% of the loan principal...

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Suppose that the outstanding balance at (2n)th repayment date equal to 60% of the loan principal (i.e. OLB2n = 0.6), which of the following statement must be true? Choose the best answer and provide mathematical justification to your answer. (A) X >Y (B) X = Y (C) X < Y (©Hint: To facilitate the analysis, think about the relationship between the principal repaid, interest due and outstanding balance. Also, think about the nature of interest due) Suppose that the outstanding balance at (2n)th repayment date equal to 60% of the loan principal (i.e. OLB2n = 0.6), which of the following statement must be true? Choose the best answer and provide mathematical justification to your answer. (A) X >Y (B) X = Y (C) X < Y (©Hint: To facilitate the analysis, think about the relationship between the principal repaid, interest due and outstanding balance. Also, think about the nature of interest due)