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A loan is to be repaid with annuity installments Pt=n-t+1 for t=1,2,...,n. Show that the prospective method and the retrospective method give the same outstanding

A loan is to be repaid with annuity installments Pt=n-t+1 for t=1,2,...,n. Show that the prospective method and the retrospective method give the same outstanding balance.

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