Question: Use Retrospective Loan calculation to demonstrate how the general case of Loan balance can be achieved [Hint: lk=l0(1+i)kx1(1+i)k1x2(1+i)k2xk ]. Similarly for Repayments payable mthly, show

Use Retrospective Loan calculation to demonstrate how the general case of

Use Retrospective Loan calculation to demonstrate how the general case of Loan balance can be achieved [Hint: lk=l0(1+i)kx1(1+i)k1x2(1+i)k2xk ]. Similarly for Repayments payable mthly, show that the capital repaid at time (k+1)/m is f(k+1)/m=x(k+1)/mmi(m)lk [20]

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