A proof of the equation (1.58) in the picture. This is for Financial mathematics.

Module 1 - Interest Rates and the Time Value of Money Page M1-35 Section 1.11 Relating Discount, Force of Interest, and Interest Rate A very important relationship is: (1.58) d0 and m>1) This relationship is useful when checking whether a calculated value is reasonable, or determining which answer choices are plausible. Module 1 - Interest Rates and the Time Value of Money Page M1-35 Section 1.11 Relating Discount, Force of Interest, and Interest Rate A very important relationship is: (1.58) d0 and m>1) This relationship is useful when checking whether a calculated value is reasonable, or determining which answer choices are plausible