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2 Q1: Loan Amortization Table Rania takes out a loan for $50,000 which she will repay with 10 annual payments of $K (at the end

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2 Q1: Loan Amortization Table Rania takes out a loan for $50,000 which she will repay with 10 annual payments of $K (at the end of each year for the next 10 years). a) Using the Prospective Formula for the outstanding balance n2 OB, = -1 k=t+1 (where v is the annual discount factor 1/(1+i)), together with the formula OB++1 = 0B - PR prove (for all t, 1

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